QQQE Dividend Type Payments

Although QQQE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion NASDAQ-100 Equal Weighted Index Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
97.01	98.50	97.94	+0.17	113K	-	0.5B

QQQE Dividend-Like Income Using Covered Calls

With QQQE at 97.94, 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%	2.94	0.8
5%	4.90	1.3
10%	9.79	2.7

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:

3% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	100.00	1.60	106	1.5	1.50 (1.5%)
Mar 20	100.00	3.90	197	2.0	1.50 (1.5%)

5% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	100.00	1.60	106	1.5	1.50 (1.5%)
Mar 20	100.00	3.90	197	2.0	1.50 (1.5%)

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Want more examples? QQQ Dividend | QQQJ Dividend