SCHX Dividend Type Payments

Although SCHX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Schwab U.S. Large-Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:20 AM ET):

Schwab U.S. Large-Cap ETF (SCHX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
61.20	61.21	61.21	-0.13	90K	-	39B

SCHX Dividend-Like Income Using Covered Calls

With SCHX at 61.21, 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%	1.84	0.5
5%	3.06	0.8
10%	6.12	1.7

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 SCHX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	61.00	0.95	45	1.6	0.00 (0.0%)

5% Yield On SCHX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	61.00	0.95	45	1.6	0.00 (0.0%)

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Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
1.	IWM dividend	6.	EEM dividend	1.	AAOI dividend
2.	SPY dividend	7.	TSLA dividend	2.	RBLX dividend
3.	QQQ dividend	8.	SLV dividend	3.	BYND dividend
4.	HYG dividend	9.	TLT dividend	4.	NVAX dividend
5.	FXI dividend	10.	NVDA dividend	5.	CLSK dividend

Want more examples? SCHW Dividend | SCHZ Dividend