IDLV Dividend Type Payments
Although IDLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P International Developed Low Volatility ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 3:25 PM ET):
Invesco S&P International Developed Low Volatility ETF (IDLV) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
28.12 | 28.16 | 28.14 | -0.06 | 25K | - | 0.5B |
IDLV Dividend-Like Income Using Covered Calls
With IDLV at 28.14, 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% | 0.84 | 0.2 |
5% | 1.41 | 0.4 |
10% | 2.81 | 0.8 |
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 Apr 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | TLT dividend | 1. | MRNS dividend | |
2. | SPY dividend | 7. | HYG dividend | 2. | LUNR dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | SOUN dividend | |
4. | FXI dividend | 9. | EEM dividend | 4. | CIFR dividend | |
5. | SLV dividend | 10. | TSLA dividend | 5. | NOVA dividend |
Want more examples? IDHQ Dividend | IDMO Dividend