IBKR Dividend

Although IBKR has a dividend of 0.32 with an ex-dividend date of May 30, you can sell covered calls on Interactive Brokers Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Interactive Brokers Group, Inc. - Class A (IBKR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
206.31	208.30	208.00	-1.15	1.1M	29	23B

IBKR Dividend-Like Income Using Covered Calls

With IBKR at 208.00, 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%	6.24	1.7
5%	10.40	2.8
10%	20.80	5.7

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:

3% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	210.00	11.90	61	19.5	1.70 (0.8%)
Sep 19	210.00	17.80	124	14.4	1.70 (0.8%)

5% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	210.00	11.90	61	19.5	1.70 (0.8%)
Sep 19	210.00	17.80	124	14.4	1.70 (0.8%)

10% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	210.00	11.90	61	19.5	1.70 (0.8%)
Sep 19	210.00	17.80	124	14.4	1.70 (0.8%)

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Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	WULF dividend
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3.	SLV dividend	8.	FXI dividend	3.	ACHR dividend
4.	QQQ dividend	9.	TSLA dividend	4.	NBIS dividend
5.	IWM dividend	10.	XLF dividend	5.	RKLB dividend

Want more examples? IBDV Dividend | IBM Dividend