SNPE Dividend Type Payments
Although SNPE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xtrackers S&P 500 Scored & Screened ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Xtrackers S&P 500 Scored & Screened ETF (SNPE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 48.91 | 49.43 | 49.33 | -0.01 | 690K | - | 0.0B |
SNPE Dividend-Like Income Using Covered Calls
With SNPE at 49.33, 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% | 1.48 | 0.4 |
| 5% | 2.47 | 0.7 |
| 10% | 4.93 | 1.4 |
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:
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. | JBLU dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | SNAP dividend | |
| 5. | QQQ dividend | 10. | IBIT dividend | 5. | NCLH dividend | |
Want more examples? SNOW Dividend | SNPS Dividend
