XLI Dividend Type Payments

Although XLI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Select Sector Fund - Industrial to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

SPDR Select Sector Fund - Industrial (XLI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
150.90	151.65	151.14	-0.69	12.4M	-	23B

XLI Dividend-Like Income Using Covered Calls

With XLI at 151.14, 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%	4.53	1.2
5%	7.56	2.1
10%	15.11	4.1

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 XLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	152.50	0.05	3	1.7	0.85 (0.6%)
Dec 19	151.00	3.00	94	2.5	0.00 (0.0%)

5% Yield On XLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	151.00	3.00	94	2.5	0.00 (0.0%)
Nov 21	151.00	2.16	66	2.3	0.00 (0.0%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	CBRL dividend
2.	SPY dividend	7.	IBIT dividend	2.	AEVA dividend
3.	PCG dividend	8.	IWM dividend	3.	OPEN dividend
4.	TSLA dividend	9.	SLV dividend	4.	QURE dividend
5.	QQQ dividend	10.	FXI dividend	5.	LDI dividend

Want more examples? XLG Dividend | XLK Dividend