KOMP Dividend Type Payments

Although KOMP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P Kensho New Economies Composite ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 2:35 PM ET):

SPDR S&P Kensho New Economies Composite ETF (KOMP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
63.42	63.52	63.50	-1.47	68K	-	0.0B

KOMP Dividend-Like Income Using Covered Calls

With KOMP at 63.50, 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%	1.91	0.5
5%	3.18	0.9
10%	6.35	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 KOMP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	64.00	0.40	65	0.6	0.48 (0.8%)
Nov 21	64.00	0.25	37	0.7	0.48 (0.8%)

5% Yield On KOMP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	64.00	2.30	212	1.1	0.48 (0.8%)
Feb 20	64.00	1.45	128	1.1	0.48 (0.8%)

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