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 Thu 4:16 PM ET):

iShares Cohen & Steers REIT ETF (ICF)
Bid Ask Last Change Volume P/E Market Cap
97.78 107.72 107.72 +0.28 74K - 0.0B

ICF Dividend-Like Income Using Covered Calls

With ICF at 107.72, 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% 3.23 0.9
5% 5.39 1.5
10% 10.77 3.0

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
Mar 15 109.00 0.40 23 1.7 1.28 (1.2%)
Apr 18 110.00 0.65 57 1.1 2.28 (2.1%)
5% Yield On ICF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 109.00 0.40 23 1.7 1.28 (1.2%)
Apr 18 109.00 1.05 57 1.8 1.28 (1.2%)
10% Yield On ICF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 108.00 0.85 23 3.7 0.28 (0.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.Z dividend
2.EEM dividend 7.GE dividend   2.FSLR dividend
3.SPY dividend 8.LLY dividend   3.ROKU dividend
4.QQQ dividend 9.BAC dividend   4.IQ dividend
5.FXI dividend 10.GLD dividend   5.DBX dividend

Want more examples? ICE Dividend | ICFI Dividend