PIO Dividend Type Payments
Although PIO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco Global Water ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Invesco Global Water ETF (PIO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 39.09 | 44.00 | 43.31 | -0.03 | 6K | - | 0.3B |
PIO Dividend-Like Income Using Covered Calls
With PIO at 43.31, 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% | 1.30 | 0.4 |
| 5% | 2.17 | 0.6 |
| 10% | 4.33 | 1.2 |
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 Jun 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | QQQ dividend | 6. | AMZN dividend | 1. | INSM dividend | |
| 2. | SPY dividend | 7. | AAPL dividend | 2. | GPCR dividend | |
| 3. | IWM dividend | 8. | EEM dividend | 3. | ASTS dividend | |
| 4. | TSLA dividend | 9. | HYG dividend | 4. | IREN dividend | |
| 5. | FXI dividend | 10. | SLV dividend | 5. | VSAT dividend | |
Want more examples? PINS Dividend | PIPR Dividend
