REGL Dividend Type Payments
Although REGL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P MidCap 400 Dividend Aristocrats ETF 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):
| ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 80.04 | 89.71 | 84.79 | +0.32 | 22K | - | 0.0B |
REGL Dividend-Like Income Using Covered Calls
With REGL at 84.79, 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% | 2.54 | 0.7 |
| 5% | 4.24 | 1.2 |
| 10% | 8.48 | 2.3 |
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:
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | IWM dividend | 7. | GLD dividend | 2. | IMNM dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | VTYX dividend | |
| 4. | QQQ dividend | 9. | TLT dividend | 4. | PATH dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | IREN dividend | |
Want more examples? REG Dividend | REGN Dividend
