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 AMERICA NATURAL RESOURCES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

SPDR S&P NORTH AMERICA NATURAL RESOURCES (NANR)
Bid Ask Last Change Volume P/E Market Cap
33.20 33.20 33.20 -0.24 22K - 7.3B

NANR Dividend-Like Income Using Covered Calls

With NANR at 33.20, 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% 1.00 0.3
5% 1.66 0.5
10% 3.32 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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.LLNW dividend
2.SPX dividend 7.MU dividend   2.CLF dividend
3.QQQ dividend 8.IWM dividend   3.PYPL dividend
4.EEM dividend 9.FXI dividend   4.SKX dividend
5.BAC dividend 10.AMD dividend   5.UVXY dividend

Want more examples? NANO Dividend | NAO Dividend