CIBR Dividend Type Payments

Although CIBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on First Trust NASDAQ Cybersecurity ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:55 AM ET):

First Trust NASDAQ Cybersecurity ETF (CIBR)
Bid Ask Last Change Volume P/E Market Cap
28.15 28.20 28.16 +0.02 25K - 0.9B

CIBR Dividend-Like Income Using Covered Calls

With CIBR at 28.16, here's a table showing how big the annual "dividend" (ie. 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% 0.84 0.2
5% 1.41 0.4
10% 2.82 0.8

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 CIBR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 29.00 0.40 151 0.3 0.80 (2.8%)

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.NBEV dividend
2.EEM dividend 7.BMY dividend   2.MU dividend
3.SPX dividend 8.AAPL dividend   3.ACB dividend
4.QQQ dividend 9.NIO dividend   4.FDX dividend
5.FXI dividend 10.IWM dividend   5.NKE dividend

Want more examples? CIA Dividend | CIEN Dividend