FILL Dividend Type Payments
Although FILL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Global Energy Producers Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:15 AM ET):
| iShares MSCI Global Energy Producers Fund (FILL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 24.61 | 24.65 | 24.62 | +0.17 | 8K | - | 0.0B |
FILL Dividend-Like Income Using Covered Calls
With FILL at 24.62, 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% | 0.74 | 0.2 |
| 5% | 1.23 | 0.3 |
| 10% | 2.46 | 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:
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | TSLA dividend | 1. | COGT dividend | |
| 2. | NVDA dividend | 7. | IWM dividend | 2. | CELC dividend | |
| 3. | SPY dividend | 8. | FXI dividend | 3. | CAPR dividend | |
| 4. | GLD dividend | 9. | AAPL dividend | 4. | ALT dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | QBTS dividend | |
Want more examples? FIG Dividend | FINV Dividend
