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 Thu 11:15 AM ET):
| ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 79.02 |
79.08 |
79.06 |
-0.12 |
19K |
- |
0.0B |
REGL Dividend-Like Income Using Covered Calls
With REGL at 79.06, 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% |
2.37 |
0.6 |
| 5% |
3.95 |
1.1 |
| 10% |
7.91 |
2.2 |
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 REGL Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
79.00 |
1.10 |
36 |
2.8 |
0.00 (0.0%) |
| 5% Yield On REGL Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
79.00 |
1.10 |
36 |
2.8 |
0.00 (0.0%) |
| 10% Yield On REGL Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Apr 17 |
79.00 |
1.10 |
36 |
2.8 |
0.00 (0.0%) |
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