PULS Dividend Type Payments
Although PULS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PGIM Ultra Short Bond ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:20 AM ET):
| PGIM Ultra Short Bond ETF (PULS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 49.73 | 49.74 | 49.73 | 0.00 | 1.1M | - | 0.0B |
PULS Dividend-Like Income Using Covered Calls
With PULS at 49.73, 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% | 1.49 | 0.4 |
| 5% | 2.49 | 0.7 |
| 10% | 4.97 | 1.4 |
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 Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | ABAT dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | LAC dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | NB dividend | |
| 4. | GLD dividend | 9. | QQQ dividend | 4. | TE dividend | |
| 5. | TSLA dividend | 10. | OPEN dividend | 5. | HOND dividend | |
Want more examples? PUK Dividend | PUMP Dividend
