GSLC Dividend Type Payments

Although GSLC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Goldman Sachs ActiveBeta US Lg-Cap Equity ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:45 PM ET):

Goldman Sachs ActiveBeta US Lg-Cap Equity ETF (GSLC)
Bid Ask Last Change Volume P/E Market Cap
55.80 55.81 55.81 +0.40 116K - 0.0B

GSLC Dividend-Like Income Using Covered Calls

With GSLC at 55.81, here's a table showing how big the annual "dividend" (ie. 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% 1.67 0.5
5% 2.79 0.8
10% 5.58 1.5

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 GSLC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 56.00 0.15 29 0.5 0.19 (0.3%)
Apr 18 56.00 0.60 63 1.0 0.19 (0.3%)
5% Yield On GSLC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 56.00 0.60 63 1.0 0.19 (0.3%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.MAT dividend
2.EEM dividend 7.GE dividend   2.ICPT dividend
3.SPY dividend 8.XOP dividend   3.SGMO dividend
4.FXI dividend 9.BAC dividend   4.CRON dividend
5.QQQ dividend 10.JD dividend   5.ROKU dividend

Want more examples? GSL Dividend | GSM Dividend