REW Dividend Type Payments

PROSHARES ULTRA-SHORT TECH dividend

Although REW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES ULTRA-SHORT TECH to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:25 AM ET):

PROSHARES ULTRA-SHORT TECH (REW)
Bid Ask Last Change Volume P/E Market Cap
11.59 11.65 11.56 -0.07 11K - 0.0B

REW Dividend-Like Income Using Covered Calls

With REW at 11.56, 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% 0.35 0.1
5% 0.58 0.2
10% 1.16 0.3

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:

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.MOMO dividend
3.SPX dividend 8.FB dividend   3.LB dividend
4.QQQ dividend 9.IWM dividend   4.GPS dividend
5.XLF dividend 10.GDX dividend   5.UVXY dividend

Want more examples? REVG Dividend | REXR Dividend