SPYD Dividend Type Payments

Although SPYD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF (SPYD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.72	43.46	42.87	-0.14	763K	-	0.0B

SPYD Dividend-Like Income Using Covered Calls

With SPYD at 42.87, 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%	1.29	0.4
5%	2.14	0.6
10%	4.29	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:

3% Yield On SPYD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	44.00	0.05	11	0.5	0.54 (1.3%)
Jun 20	44.00	0.95	165	0.6	0.54 (1.3%)

5% Yield On SPYD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 21	44.00	0.45	74	0.6	0.54 (1.3%)

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

Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	XLF dividend	1.	JSPR dividend
2.	SLV dividend	7.	SPY dividend	2.	SWTX dividend
3.	AAPL dividend	8.	IWM dividend	3.	QBTS dividend
4.	EEM dividend	9.	TSLA dividend	4.	IONQ dividend
5.	INTC dividend	10.	TLT dividend	5.	FUBO dividend

Want more examples? SPYC Dividend | SPYG Dividend