QQQE Dividend Type Payments

Although QQQE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion NASDAQ-100 Equal Weighted Index Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
92.84	95.51	94.63	+0.56	33K	-	0.5B

QQQE Dividend-Like Income Using Covered Calls

With QQQE at 94.63, 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%	2.84	0.8
5%	4.73	1.3
10%	9.46	2.6

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 QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	96.00	3.40	204	1.7	0.49 (0.5%)
Mar 21	96.00	1.80	113	1.6	0.49 (0.5%)

5% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	96.00	3.40	204	1.7	0.49 (0.5%)
Mar 21	96.00	1.80	113	1.6	0.49 (0.5%)

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Want more examples? QQQ Dividend | QQQJ Dividend