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 Tue 4:00 PM ET):
| Invesco RAFI Developed Markets ex-U.S. ETF (PXF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 61.09 | 61.12 | 61.09 | +0.24 | 29K | - | 1.7B |
PXF Dividend-Like Income Using Covered Calls
With PXF at 61.09, 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% | 1.83 | 0.5 |
| 5% | 3.05 | 0.8 |
| 10% | 6.11 | 1.7 |
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. | SLV dividend | 1. | AIV dividend | |
| 2. | IBIT dividend | 7. | INTC dividend | 2. | AREC dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | SOC dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | LAC dividend | |
| 5. | TSLA dividend | 10. | IWM dividend | 5. | HIVE dividend | |
Want more examples? PXE Dividend | PXH Dividend
