CSD Dividend Type Payments

Although CSD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P Spin-Off ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:05 PM ET):

Invesco S&P Spin-Off ETF (CSD)
Bid Ask Last Change Volume P/E Market Cap
51.12 51.46 51.36 +0.66 1K - 0.0B

CSD Dividend-Like Income Using Covered Calls

With CSD at 51.36, 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% 1.54 0.4
5% 2.57 0.7
10% 5.14 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 CSD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 52.00 0.85 148 0.6 0.54 (1.1%)
Oct 18 52.00 1.45 239 0.6 0.54 (1.1%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.CRON dividend
2.EEM dividend 7.GE dividend   2.FIT dividend
3.SPY dividend 8.LLY dividend   3.AMRN dividend
4.QQQ dividend 9.BAC dividend   4.KPTI dividend
5.FXI dividend 10.GLD dividend   5.IMGN dividend

Want more examples? CSCO Dividend | CSFL Dividend