SMLF Dividend Type Payments

Although SMLF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares U.S. Small-Cap Equity Factor ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:10 AM ET):

iShares U.S. Small-Cap Equity Factor ETF (SMLF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
60.80	60.95	60.92	+0.23	17K	-	0.1B

SMLF Dividend-Like Income Using Covered Calls

With SMLF at 60.92, 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%	1.83	0.5
5%	3.05	0.8
10%	6.09	1.7

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 SMLF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	61.00	1.65	145	1.1	0.05 (0.1%)
Dec 19	61.00	2.25	236	1.0	0.05 (0.1%)

5% Yield On SMLF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	61.00	1.65	145	1.1	0.05 (0.1%)
Dec 19	61.00	2.25	236	1.0	0.05 (0.1%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ZETA dividend
2.	SPY dividend	7.	IWM dividend	2.	RDDT dividend
3.	TLT dividend	8.	FXI dividend	3.	SNAP dividend
4.	SLV dividend	9.	TSLA dividend	4.	QUBT dividend
5.	QQQ dividend	10.	IBIT dividend	5.	NCLH dividend

Want more examples? SMHI Dividend | SMLL Dividend