JQUA Dividend Type Payments
Although JQUA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JPMorgan U.S. Quality Factor ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| JPMorgan U.S. Quality Factor ETF (JQUA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 63.10 | 64.90 | 64.43 | +0.53 | 422K | - | 0.0B |
JQUA Dividend-Like Income Using Covered Calls
With JQUA at 64.43, 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% | 1.93 | 0.5 |
| 5% | 3.22 | 0.9 |
| 10% | 6.44 | 1.8 |
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 Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | LITE dividend | |
| 2. | NVDA dividend | 7. | EWZ dividend | 2. | RBLX dividend | |
| 3. | KWEB dividend | 8. | SPY dividend | 3. | BE dividend | |
| 4. | GLD dividend | 9. | INTC dividend | 4. | ASTS dividend | |
| 5. | IBIT dividend | 10. | CORZ dividend | 5. | USAR dividend | |
Want more examples? JPXN Dividend | JRE Dividend
