DOG Dividend Type Payments

ProShares Short Dow30 dividend

Although DOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Short Dow30 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):

ProShares Short Dow30 (DOG)
Bid Ask Last Change Volume P/E Market Cap
24.03 24.04 24.03 +0.20 2.8M - 0.2B

DOG Dividend-Like Income Using Covered Calls

With DOG at 24.03, 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% 0.72 0.2
5% 1.20 0.3
10% 2.40 0.7

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 DOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 25.00 0.05 19 0.3 0.96 (4.0%)
May 15 24.00 0.75 166 0.4 0.00 (0.0%)
5% Yield On DOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 24.00 0.75 166 0.4 0.00 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.JANX dividend
2.SPY dividend 7.GLD dividend   2.RZLT dividend
3.IWM dividend 8.SLV dividend   3.IMNM dividend
4.QQQ dividend 9.TLT dividend   4.PATH dividend
5.IBIT dividend 10.FXI dividend   5.HUT dividend

Want more examples? DOCU Dividend | DOL Dividend