CMDY Dividend Type Payments

Although CMDY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Bloomberg Roll Select Commodity Strategy ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
47.81	50.06	49.80	-0.04	31K	-	0.0B

CMDY Dividend-Like Income Using Covered Calls

With CMDY at 49.80, 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%	1.49	0.4
5%	2.49	0.7
10%	4.98	1.4

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 CMDY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 19	50.00	1.00	85	1.1	0.00 (0.0%)
Oct 18	50.00	1.35	176	0.7	0.00 (0.0%)

5% Yield On CMDY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 19	50.00	1.00	85	1.1	0.00 (0.0%)
Oct 18	50.00	1.35	176	0.7	0.00 (0.0%)

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Want more examples? CMDT Dividend | CME Dividend