IDRV Dividend Type Payments

Although IDRV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Self-Driving EV and Tech ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:45 AM ET):

iShares Self-Driving EV and Tech ETF (IDRV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
29.67	29.73	29.68	-0.67	19K	-	0.0B

IDRV Dividend-Like Income Using Covered Calls

With IDRV at 29.68, 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%	0.89	0.2
5%	1.48	0.4
10%	2.97	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:

3% Yield On IDRV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 20	30.00	0.65	144	0.5	0.27 (0.9%)
Dec 20	30.00	1.05	235	0.4	0.27 (0.9%)

5% Yield On IDRV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 20	30.00	0.65	144	0.5	0.27 (0.9%)
Dec 20	30.00	1.05	235	0.4	0.27 (0.9%)

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Want more examples? IDOG Dividend | IDT Dividend