IJH Dividend Type Payments
Although IJH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P Mid-Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
iShares Core S&P Mid-Cap ETF (IJH) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
60.59 | 60.64 | 60.58 | +1.01 | 5.2M | - | 45B |
IJH Dividend-Like Income Using Covered Calls
With IJH at 60.58, 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% | 1.82 | 0.5 |
5% | 3.03 | 0.8 |
10% | 6.06 | 1.7 |
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 IJH Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 61.00 | 0.55 | 24 | 2.3 | 0.36 (0.6%) | |
May 17 | 61.00 | 0.85 | 52 | 1.6 | 0.36 (0.6%) |
5% Yield On IJH Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 61.00 | 0.55 | 24 | 2.3 | 0.36 (0.6%) | |
May 17 | 61.00 | 0.85 | 52 | 1.6 | 0.36 (0.6%) |
10% Yield On IJH Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 19 | 61.00 | 0.55 | 24 | 2.3 | 0.36 (0.6%) |
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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. | SOUN dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | DWAC dividend | |
4. | SLV dividend | 9. | EEM dividend | 4. | HUT dividend | |
5. | FXI dividend | 10. | TSLA dividend | 5. | NOVA dividend |
Want more examples? IJAN Dividend | IJJ Dividend