PXF Dividend Type Payments
Although PXF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco RAFI Developed Markets ex-U.S. ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Invesco RAFI Developed Markets ex-U.S. ETF (PXF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 54.09 | 59.41 | 57.42 | +0.11 | 170K | - | 1.6B |
PXF Dividend-Like Income Using Covered Calls
With PXF at 57.42, 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% | 1.72 | 0.5 |
| 5% | 2.87 | 0.8 |
| 10% | 5.74 | 1.6 |
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 Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TLT dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | ENPH dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | SERV dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | TMC dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | CIFR dividend | |
Want more examples? PXE Dividend | PXH Dividend
