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 Thu 4:16 PM ET):
| PROSHARES S&P MID-CAP 400 DVDND ARST (REGL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 56.94 | 56.94 | 56.94 | +0.57 | 26K | - | 3.8B |
REGL Dividend-Like Income Using Covered Calls
With REGL at 56.94, 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% | 1.71 | 0.5 |
| 5% | 2.85 | 0.8 |
| 10% | 5.69 | 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 Sep 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | EEM dividend | 6. | GE dividend | 1. | AMAT dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | NVDA dividend | |
| 3. | SPX dividend | 8. | IWM dividend | 3. | UVXY dividend | |
| 4. | QQQ dividend | 9. | FB dividend | 4. | DE dividend | |
| 5. | XLF dividend | 10. | GDX dividend | 5. | AKRX dividend | |
Want more examples? REGI Dividend | REGN Dividend
