JOET Dividend Type Payments

Although JOET has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Virtus Terranova U.S. Quality Momentum ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:45 AM ET):

Virtus Terranova U.S. Quality Momentum ETF (JOET)
Bid Ask Last Change Volume P/E Market Cap
42.83 42.90 42.89 +0.10 5K - 0.0B

JOET Dividend-Like Income Using Covered Calls

With JOET at 42.89, 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% 1.29 0.4
5% 2.14 0.6
10% 4.29 1.2

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 Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.LULU dividend
2.SPY dividend 7.TLT dividend   2.EOSE dividend
3.QQQ dividend 8.SLV dividend   3.NKTR dividend
4.IWM dividend 9.NFLX dividend   4.ALT dividend
5.IBIT dividend 10.FXI dividend   5.TMC dividend

Want more examples? JOE Dividend | JOYY Dividend