GBIL Dividend Type Payments
Although GBIL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Goldman Sachs Access Treasury 0-1 Year ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
100.02 | 100.03 | 100.02 | +0.02 | 548K | - | 0.0B |
GBIL Dividend-Like Income Using Covered Calls
With GBIL at 100.02, 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% | 3.00 | 0.8 |
5% | 5.00 | 1.4 |
10% | 10.00 | 2.7 |
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 May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | KWEB dividend | 1. | CIFR dividend | |
2. | HYG dividend | 7. | EEM dividend | 2. | FSLY dividend | |
3. | SPY dividend | 8. | TSLA dividend | 3. | ENPH dividend | |
4. | QQQ dividend | 9. | SLV dividend | 4. | CGC dividend | |
5. | FXI dividend | 10. | EWZ dividend | 5. | SNAP dividend |
Want more examples? GBF Dividend | GBUY Dividend