PFFD Dividend Type Payments

Although PFFD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X U.S. Preferred ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:20 PM ET):

Global X U.S. Preferred ETF (PFFD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.73	18.74	18.73	-0.10	503K	-	2.2B

PFFD Dividend-Like Income Using Covered Calls

With PFFD at 18.73, 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%	0.56	0.2
5%	0.94	0.3
10%	1.87	0.5

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 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ZETA dividend
2.	SPY dividend	7.	IWM dividend	2.	ENVX dividend
3.	TLT dividend	8.	FXI dividend	3.	RDDT dividend
4.	SLV dividend	9.	SNAP dividend	4.	TDOC dividend
5.	QQQ dividend	10.	TSLA dividend	5.	SMMT dividend

Want more examples? PFFA Dividend | PFFL Dividend