FQAL Dividend Type Payments
Although FQAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fidelity Quality Factor ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:25 AM ET):
| Fidelity Quality Factor ETF (FQAL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 74.79 | 74.85 | 74.75 | +0.24 | 7K | - | 0.0B |
FQAL Dividend-Like Income Using Covered Calls
With FQAL at 74.75, 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% | 2.24 | 0.6 |
| 5% | 3.74 | 1.0 |
| 10% | 7.48 | 2.0 |
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 FQAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 75.00 | 2.15 | 192 | 1.1 | 0.15 (0.2%) | |
| Feb 20 | 75.00 | 1.05 | 108 | 1.0 | 0.15 (0.2%) | |
| 5% Yield On FQAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 75.00 | 2.15 | 192 | 1.1 | 0.15 (0.2%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | LCID dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | ENVX dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | SOUN dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | CELH dividend | |
Want more examples? FPX Dividend | FR Dividend
