EQWL Dividend Type Payments

Although EQWL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 100 Equal Weight ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:15 AM ET):

Invesco S&P 100 Equal Weight ETF (EQWL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
110.02	110.16	110.09	+0.12	5K	-	0.1B

EQWL Dividend-Like Income Using Covered Calls

With EQWL at 110.09, 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%	3.30	0.9
5%	5.50	1.5
10%	11.01	3.0

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 EQWL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	111.00	0.35	18	1.9	0.84 (0.8%)
Sep 19	110.00	0.95	81	1.0	0.00 (0.0%)

5% Yield On EQWL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	111.00	0.35	18	1.9	0.84 (0.8%)

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Want more examples? EQT Dividend | EQX Dividend