ICF Dividend Type Payments

iShares COHEN & STEERS REIT ETF dividend

Although ICF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares COHEN & STEERS REIT ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

iShares COHEN & STEERS REIT ETF (ICF)
Bid Ask Last Change Volume P/E Market Cap
97.35 98.84 98.12 +0.84 113K - 25B

ICF Dividend-Like Income Using Covered Calls

With ICF at 98.12, 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% 2.94 0.8
5% 4.91 1.3
10% 9.81 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:

3% Yield On ICF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 101.00 0.30 29 1.0 2.16 (2.2%)
Feb 15 103.00 1.00 120 0.8 4.16 (4.2%)
5% Yield On ICF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 100.00 0.70 29 2.4 1.16 (1.2%)
Feb 15 100.00 2.00 120 1.7 1.16 (1.2%)
10% Yield On ICF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 99.00 0.90 29 3.1 0.16 (0.2%)

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Want more examples? ICE Dividend | ICFI Dividend