IJK Dividend Type Payments

iShares S&P Mid-Cap 400 Growth ETF dividend

Although IJK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares S&P Mid-Cap 400 Growth 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 S&P Mid-Cap 400 Growth ETF (IJK)
Bid Ask Last Change Volume P/E Market Cap
217.69 218.89 218.89 +2.50 56K - 0.0B

IJK Dividend-Like Income Using Covered Calls

With IJK at 218.89, 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% 6.57 1.8
5% 10.94 3.0
10% 21.89 6.0

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 IJK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 220.00 1.80 29 6.2 1.11 (0.5%)
Jun 21 225.00 3.30 127 2.6 6.11 (2.8%)
5% Yield On IJK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 220.00 1.80 29 6.2 1.11 (0.5%)
Jun 21 220.00 5.80 127 4.6 1.11 (0.5%)
10% Yield On IJK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 220.00 1.80 29 6.2 1.11 (0.5%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ICPT dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.XOP dividend   3.KPTI dividend
4.FXI dividend 9.BAC dividend   4.BHC dividend
5.QQQ dividend 10.JD dividend   5.VKTX dividend

Want more examples? IJJ Dividend | IJR Dividend