HDGE Dividend Type Payments

Ranger Equity Bear Bear ETF dividend

Although HDGE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ranger Equity Bear Bear ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:05 PM ET):

Ranger Equity Bear Bear ETF (HDGE)
Bid Ask Last Change Volume P/E Market Cap
6.45 6.46 6.45 +0.05 17K - 0.0B

HDGE Dividend-Like Income Using Covered Calls

With HDGE at 6.45, 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% 0.19 0.1
5% 0.32 0.1
10% 0.65 0.2

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 HDGE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 7.00 0.15 187 0.1 0.54 (8.4%)

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Want more examples? HDG Dividend | HDLV Dividend