JRE Dividend Type Payments
Although JRE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Janus Henderson U.S. Real Estate ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:20 AM ET):
| Janus Henderson U.S. Real Estate ETF (JRE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 23.72 | 23.78 | 23.59 | +21.23 | 0K | - | 0.0B |
JRE Dividend-Like Income Using Covered Calls
With JRE at 23.59, 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% | 0.71 | 0.2 |
| 5% | 1.18 | 0.3 |
| 10% | 2.36 | 0.6 |
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 Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | SERV dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | NNE dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | IONQ dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | FULC dividend | |
Want more examples? JQUA Dividend | JRVR Dividend
