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 Thu 11:25 AM ET):

Invesco S&P 100 Equal Weight ETF (EQWL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
90.67	90.79	90.71	+0.54	11K	-	0.1B

EQWL Dividend-Like Income Using Covered Calls

With EQWL at 90.71, 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%	2.72	0.7
5%	4.54	1.2
10%	9.07	2.5

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
Jun 21	91.00	1.00	65	1.5	0.21 (0.2%)
Sep 20	91.00	3.00	156	1.9	0.21 (0.2%)

5% Yield On EQWL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	91.00	1.00	65	1.5	0.21 (0.2%)
Sep 20	91.00	3.00	156	1.9	0.21 (0.2%)

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Want more examples? EQT Dividend | EQX Dividend