PST Dividend Type Payments

Although PST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort Lehman 7-10 Year Treasury to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

ProShares UltraShort Lehman 7-10 Year Treasury (PST)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.25	23.09	22.76	-0.16	7K	-	0.0B

PST Dividend-Like Income Using Covered Calls

With PST at 22.76, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield	Annual Premium	Cents/Day
3%	0.68	0.2
5%	1.14	0.3
10%	2.28	0.6

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On PST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	23.00	0.20	19	0.6	0.00 (0.0%)
Oct 17	23.00	0.95	173	0.5	0.00 (0.0%)

5% Yield On PST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	23.00	0.20	19	0.6	0.00 (0.0%)
Oct 17	23.00	0.95	173	0.5	0.00 (0.0%)

10% Yield On PST Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	23.00	0.50	54	0.8	0.00 (0.0%)

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5.	QQQ dividend	10.	IBIT dividend	5.	NCLH dividend

Want more examples? PSR Dividend | PSTG Dividend