NANR Dividend Type Payments
Although NANR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P North American Natural Resources ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 9:40 AM ET):
| SPDR S&P North American Natural Resources ETF (NANR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 55.34 | 55.39 | 55.16 | -0.52 | 3K | - | 0.0B |
NANR Dividend-Like Income Using Covered Calls
With NANR at 55.16, 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% | 1.65 | 0.5 |
| 5% | 2.76 | 0.8 |
| 10% | 5.52 | 1.5 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | KWEB dividend | 1. | FSLY dividend | |
| 2. | HYG dividend | 7. | EEM dividend | 2. | CVNA dividend | |
| 3. | SPY dividend | 8. | TSLA dividend | 3. | W dividend | |
| 4. | QQQ dividend | 9. | SLV dividend | 4. | EYPT dividend | |
| 5. | FXI dividend | 10. | EWZ dividend | 5. | SNAP dividend | |
Want more examples? NAK Dividend | NARI Dividend
