RWO Dividend Type Payments
Although RWO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR DJ Wilshire Global Real Estate ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:40 AM ET):
| SPDR DJ Wilshire Global Real Estate ETF (RWO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 45.22 | 45.29 | 45.28 | +0.32 | 8K | - | 1.1B |
RWO Dividend-Like Income Using Covered Calls
With RWO at 45.28, 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% | 1.36 | 0.4 |
| 5% | 2.26 | 0.6 |
| 10% | 4.53 | 1.2 |
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:
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | BBAI dividend | |
| 2. | SPY dividend | 7. | QQQ dividend | 2. | CIFR dividend | |
| 3. | FXI dividend | 8. | INTC dividend | 3. | GAP dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | APP dividend | |
| 5. | EEM dividend | 10. | TLT dividend | 5. | EOSE dividend | |
Want more examples? RWM Dividend | RWR Dividend
