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 Wed 4:16 PM ET):

ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
78.17	83.60	83.38	+0.36	41K	-	0.0B

REGL Dividend-Like Income Using Covered Calls

With REGL at 83.38, 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%	2.50	0.7
5%	4.17	1.1
10%	8.34	2.3

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 REGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	84.00	1.60	108	1.5	0.40 (0.5%)
Jul 18	84.00	0.20	17	1.2	0.40 (0.5%)

5% Yield On REGL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	84.00	1.60	108	1.5	0.40 (0.5%)
Jul 18	84.00	0.20	17	1.2	0.40 (0.5%)

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Want more examples? REG Dividend | REGN Dividend