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 Wed 4:16 PM ET):

Ranger Equity Bear Bear ETF (HDGE)
Bid Ask Last Change Volume P/E Market Cap
17.21 19.48 18.69 +0.01 108K - 0.0B

HDGE Dividend-Like Income Using Covered Calls

With HDGE at 18.69, 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% 0.56 0.2
5% 0.93 0.3
10% 1.87 0.5

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:

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Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.ZETA dividend
2.SPY dividend 7.IWM dividend   2.ENVX dividend
3.TLT dividend 8.FXI dividend   3.HLF dividend
4.SLV dividend 9.SNAP dividend   4.QCOM dividend
5.QQQ dividend 10.TSLA dividend   5.RDDT dividend

Want more examples? HDG Dividend | HDLB Dividend