PJP Dividend Type Payments

Although PJP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco Dynamic Pharmaceuticals ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:55 PM ET):

Invesco Dynamic Pharmaceuticals ETF (PJP)
Bid Ask Last Change Volume P/E Market Cap
66.04 66.09 66.29 -0.60 5K - 0.0B

PJP Dividend-Like Income Using Covered Calls

With PJP at 66.29, 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% 1.99 0.5
5% 3.31 0.9
10% 6.63 1.8

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:

3% Yield On PJP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 68.00 0.15 24 0.6 1.91 (2.9%)
Apr 18 69.00 0.35 58 0.6 2.91 (4.4%)
5% Yield On PJP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 67.00 0.50 24 2.1 0.91 (1.4%)
Apr 18 68.00 0.70 58 1.2 1.91 (2.9%)
10% Yield On PJP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 67.00 0.50 24 2.1 0.91 (1.4%)
Apr 18 66.00 1.55 58 2.5 0.00 (0.0%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ROKU dividend
2.EEM dividend 7.GE dividend   2.VIPS dividend
3.SPY dividend 8.BAC dividend   3.IQ dividend
4.QQQ dividend 9.XOP dividend   4.FSLR dividend
5.FXI dividend 10.LLY dividend   5.APHA dividend

Want more examples? PJC Dividend | PJT Dividend