REGL Dividend Type Payments
Although REGL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P MidCap 400 Dividend Aristocrats ETF 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):
| ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 54.82 | 57.49 | 57.49 | -0.39 | 41K | - | 0.0B |
REGL Dividend-Like Income Using Covered Calls
With REGL at 57.49, here's a table showing how big the annual "dividend" (ie. 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% | 5.75 | 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:
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| Top 10 Open Interest For Jun 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | FXI dividend | 1. | BCRX dividend | |
| 2. | SPX dividend | 7. | BAC dividend | 2. | CARA dividend | |
| 3. | EEM dividend | 8. | AAPL dividend | 3. | NIO dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | LB dividend | |
| 5. | EWZ dividend | 10. | VXX dividend | 5. | FCAU dividend | |
Want more examples? REGI Dividend | REGN Dividend
