LRGF Dividend Type Payments

Although LRGF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares EDGE FACTOR SELECT MSCI USA to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:00 AM ET):

iShares EDGE FACTOR SELECT MSCI USA (LRGF)
Bid Ask Last Change Volume P/E Market Cap
32.07 32.10 32.16 -0.07 7K - 11B

LRGF Dividend-Like Income Using Covered Calls

With LRGF at 32.16, 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% 0.96 0.3
5% 1.61 0.4
10% 3.22 0.9

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 Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.GBT dividend
2.SPX dividend 7.MU dividend   2.LLNW dividend
3.QQQ dividend 8.FXI dividend   3.CRON dividend
4.EEM dividend 9.IWM dividend   4.CLVS dividend
5.BAC dividend 10.AMD dividend   5.UVXY dividend

Want more examples? LRET Dividend | LRN Dividend