QDIV Dividend Type Payments
Although QDIV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X S&P 500 Quality Dividend ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:55 PM ET):
| Global X S&P 500 Quality Dividend ETF (QDIV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 32.81 | 32.91 | 32.84 | +0.11 | 0K | - | 0.0B |
QDIV Dividend-Like Income Using Covered Calls
With QDIV at 32.84, 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% | 0.99 | 0.3 |
| 5% | 1.64 | 0.4 |
| 10% | 3.28 | 0.9 |
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 May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | GME dividend | |
| 2. | QQQ dividend | 7. | TSLA dividend | 2. | ENVX dividend | |
| 3. | HYG dividend | 8. | SLV dividend | 3. | HIMS dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | BYND dividend | |
| 5. | FXI dividend | 10. | AMZN dividend | 5. | PCT dividend | |
Want more examples? QDF Dividend | QEFA Dividend
