BTAL Dividend Type Payments

AGF U.S. Market Neutral Anti-Beta Fund dividend

Although BTAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AGF U.S. Market Neutral Anti-Beta Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

AGF U.S. Market Neutral Anti-Beta Fund (BTAL)
Bid Ask Last Change Volume P/E Market Cap
18.49 18.98 18.76 +0.38 361K - 0.0B

BTAL Dividend-Like Income Using Covered Calls

With BTAL at 18.76, 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% 0.56 0.2
5% 0.94 0.3
10% 1.88 0.5

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 BTAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 19.00 0.45 159 0.3 0.02 (0.1%)
5% Yield On BTAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 19.00 0.45 159 0.3 0.02 (0.1%)

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