XMLV Dividend Type Payments
Although XMLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P MidCap Low Volatility ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:10 AM ET):
Invesco S&P MidCap Low Volatility ETF (XMLV) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
59.84 | 59.92 | 59.96 | 0.00 | 1K | - | 1.5B |
XMLV Dividend-Like Income Using Covered Calls
With XMLV at 59.96, 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% | 1.80 | 0.5 |
5% | 3.00 | 0.8 |
10% | 6.00 | 1.6 |
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:
3% Yield On XMLV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 60.00 | 1.35 | 144 | 0.9 | 0.08 (0.1%) | |
Dec 19 | 60.00 | 1.70 | 235 | 0.7 | 0.08 (0.1%) |
5% Yield On XMLV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 60.00 | 1.35 | 144 | 0.9 | 0.08 (0.1%) | |
Jun 20 | 60.00 | 0.60 | 53 | 1.1 | 0.08 (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. | RDDT dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | ZETA dividend | |
3. | TLT dividend | 8. | FXI dividend | 3. | WGS dividend | |
4. | SLV dividend | 9. | TSLA dividend | 4. | ENVX dividend | |
5. | QQQ dividend | 10. | IBIT dividend | 5. | SNAP dividend |
Want more examples? XMHQ Dividend | XMMO Dividend