SMLL Dividend Type Payments
Although SMLL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Harbor ETF Trust Harbor Active Small Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:40 AM ET):
| Harbor ETF Trust Harbor Active Small Cap ETF (SMLL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 21.44 | 21.52 | 21.78 | 0.00 | 0K | - | 0.0B |
SMLL Dividend-Like Income Using Covered Calls
With SMLL at 21.78, 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% | 0.65 | 0.2 |
| 5% | 1.09 | 0.3 |
| 10% | 2.18 | 0.6 |
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 Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | QBTS dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | SOUN dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | RGTI dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | QUBT dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | SWTX dividend | |
Want more examples? SMLF Dividend | SMLV Dividend
