BBCA Dividend Type Payments
Although BBCA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JPMorgan BetaBuilders Canada ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:20 PM ET):
| JPMorgan BetaBuilders Canada ETF (BBCA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 79.12 | 79.15 | 79.16 | -0.54 | 71K | - | 0.0B |
BBCA Dividend-Like Income Using Covered Calls
With BBCA at 79.16, 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% | 2.37 | 0.7 |
| 5% | 3.96 | 1.1 |
| 10% | 7.92 | 2.2 |
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 BBCA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 79.00 | 0.80 | 52 | 1.3 | 0.00 (0.0%) | |
| Sep 19 | 79.00 | 1.45 | 87 | 1.5 | 0.00 (0.0%) | |
| 5% Yield On BBCA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 79.00 | 0.80 | 52 | 1.3 | 0.00 (0.0%) | |
| Sep 19 | 79.00 | 1.45 | 87 | 1.5 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ALT dividend | |
| 2. | SLV dividend | 7. | IWM dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | CELC dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | IREN dividend | |
| 5. | TLT dividend | 10. | QQQ dividend | 5. | APLD dividend | |
Want more examples? BBC Dividend | BBD Dividend
