EEV Dividend Type Payments

PROSHARES ULTRA-SHORT MSCI EMER dividend

Although EEV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES ULTRA-SHORT MSCI EMER to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:55 AM ET):

PROSHARES ULTRA-SHORT MSCI EMER (EEV)
Bid Ask Last Change Volume P/E Market Cap
52.01 52.04 51.96 -0.44 20K - 0.2B

EEV Dividend-Like Income Using Covered Calls

With EEV at 51.96, 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% 1.56 0.4
5% 2.60 0.7
10% 5.20 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 EEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 60.00 0.05 3 1.7 7.96 (15.3%)
Dec 21 60.00 0.85 38 2.2 7.96 (15.3%)
5% Yield On EEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 60.00 0.05 3 1.7 7.96 (15.3%)
Dec 21 60.00 0.85 38 2.2 7.96 (15.3%)
10% Yield On EEV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 60.00 0.05 3 1.7 7.96 (15.3%)
Dec 21 60.00 0.85 38 2.2 7.96 (15.3%)

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Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.NVDA dividend
2.EEM dividend 7.IWM dividend   2.AMRN dividend
3.EWZ dividend 8.BAC dividend   3.NTAP dividend
4.QQQ dividend 9.FXI dividend   4.JWN dividend
5.SPX dividend 10.VXX dividend   5.WSM dividend

Want more examples? EET Dividend | EEX Dividend