REGL Dividend Type Payments
Although REGL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES S&P MID-CAP 400 DVDND ARST 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):
| PROSHARES S&P MID-CAP 400 DVDND ARST (REGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 54.22 | 54.22 | 54.22 | -0.25 | 21K | - | 3.8B |
REGL Dividend-Like Income Using Covered Calls
With REGL at 54.22, 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% | 1.63 | 0.4 |
| 5% | 2.71 | 0.7 |
| 10% | 5.42 | 1.5 |
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 Nov 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | SPX dividend | 1. | AMD dividend | |
| 2. | EWZ dividend | 7. | VXX dividend | 2. | SNAP dividend | |
| 3. | EEM dividend | 8. | FXI dividend | 3. | TWTR dividend | |
| 4. | PBR dividend | 9. | IWM dividend | 4. | UVXY dividend | |
| 5. | QQQ dividend | 10. | BAC dividend | 5. | AKS dividend | |
Want more examples? REGI Dividend | REGN Dividend
