QTEC Dividend Type Payments

Although QTEC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on First Trust NASDAQ-100-Technology Sector Index Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
175.00	206.00	191.38	-8.56	196K	-	0.1B

QTEC Dividend-Like Income Using Covered Calls

With QTEC at 191.38, 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%	5.74	1.6
5%	9.57	2.6
10%	19.14	5.2

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 QTEC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	205.00	4.80	121	3.1	0.00 (0.0%)
Jul 18	205.00	9.30	213	3.9	0.00 (0.0%)

5% Yield On QTEC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	205.00	4.80	121	3.1	0.00 (0.0%)
Jul 18	205.00	9.30	213	3.9	0.00 (0.0%)

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Want more examples? QSR Dividend | QTRX Dividend