RUI Dividend Type Payments

Although RUI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on RUSSELL 1000 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):

RUSSELL 1000 (RUI)
Bid Ask Last Change Volume P/E Market Cap
1,584.60 1,584.60 1,584.60 +4.05 0K - 0.0B

RUI Dividend-Like Income Using Covered Calls

With RUI at 1,584.60, 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% 0.03 0.0
5% 0.05 0.0
10% 0.10 0.0

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 RUI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 1600.00 12.00 61 19.7 15.40 (1.0%)
Nov 16 1610.00 14.50 89 16.3 25.40 (1.6%)
5% Yield On RUI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 1590.00 17.50 61 28.7 5.40 (0.3%)
Nov 16 1600.00 20.00 89 22.5 15.40 (1.0%)

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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.UVXY dividend
4.QQQ dividend 9.IWM dividend   4.AKRX dividend
5.XLF dividend 10.GDX dividend   5.LB dividend

Want more examples? RUBI Dividend | RUN Dividend