RWR Dividend Type Payments
Although RWR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR Dow Jones REIT ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:30 AM ET):
| State Street SPDR Dow Jones REIT ETF (RWR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 101.98 | 102.02 | 101.97 | +1.01 | 24K | - | 3.0B |
RWR Dividend-Like Income Using Covered Calls
With RWR at 101.97, 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% | 3.06 | 0.8 |
| 5% | 5.10 | 1.4 |
| 10% | 10.20 | 2.8 |
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 RWR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 102.00 | 1.00 | 93 | 1.1 | 0.00 (0.0%) | |
| Jul 17 | 102.00 | 2.10 | 184 | 1.1 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | OCUL dividend | |
| 2. | IBIT dividend | 7. | AAPL dividend | 2. | WYFI dividend | |
| 3. | TLT dividend | 8. | NFLX dividend | 3. | TMQ dividend | |
| 4. | INTC dividend | 9. | QQQ dividend | 4. | SOC dividend | |
| 5. | SPY dividend | 10. | GLD dividend | 5. | CRVS dividend | |
Want more examples? RWO Dividend | RWT Dividend
