ARKF Dividend Type Payments
Although ARKF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ARK Blockchain & Fintech Innovation ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:55 AM ET):
| ARK Blockchain & Fintech Innovation ETF (ARKF) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 48.68 |
48.75 |
48.70 |
-0.79 |
87K |
- |
0.0B |
ARKF Dividend-Like Income Using Covered Calls
With ARKF at 48.70, 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% |
1.46 |
0.4 |
| 5% |
2.44 |
0.7 |
| 10% |
4.87 |
1.3 |
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 ARKF Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
49.00 |
0.40 |
5 |
8.0 |
0.25 (0.5%) |
| Jan 16 |
49.00 |
1.60 |
33 |
4.8 |
0.25 (0.5%) |
| 5% Yield On ARKF Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
49.00 |
0.40 |
5 |
8.0 |
0.25 (0.5%) |
| Jan 16 |
49.00 |
1.60 |
33 |
4.8 |
0.25 (0.5%) |
| 10% Yield On ARKF Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
49.00 |
0.40 |
5 |
8.0 |
0.25 (0.5%) |
| Jan 16 |
49.00 |
1.60 |
33 |
4.8 |
0.25 (0.5%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
