BOIL Dividend Type Payments

Although BOIL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra Bloomberg Natural Gas to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:50 AM ET):

ProShares Ultra Bloomberg Natural Gas (BOIL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
32.26	32.27	32.28	+0.23	2.3M	-	0.0B

BOIL Dividend-Like Income Using Covered Calls

With BOIL at 32.28, 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%	0.97	0.3
5%	1.61	0.4
10%	3.23	0.9

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 BOIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	32.50	2.50	32	7.8	0.23 (0.7%)
Nov 7	32.50	0.70	4	17.5	0.23 (0.7%)

5% Yield On BOIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	32.50	2.50	32	7.8	0.23 (0.7%)
Nov 7	32.50	0.70	4	17.5	0.23 (0.7%)

10% Yield On BOIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	32.50	2.50	32	7.8	0.23 (0.7%)
Nov 7	32.50	0.70	4	17.5	0.23 (0.7%)

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Want more examples? BOH Dividend | BOKF Dividend