SHLD Dividend Type Payments
Although SHLD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Funds Global X Defense Tech ETF 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):
| Global X Funds Global X Defense Tech ETF (SHLD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 66.60 | 67.10 | 66.51 | +0.48 | 2.0M | - | 0.0B |
SHLD Dividend-Like Income Using Covered Calls
With SHLD at 66.51, 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% | 2.00 | 0.5 |
| 5% | 3.33 | 0.9 |
| 10% | 6.65 | 1.8 |
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 SHLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 67.00 | 1.45 | 30 | 4.5 | 0.00 (0.0%) | |
| Dec 19 | 67.00 | 2.95 | 93 | 3.1 | 0.00 (0.0%) | |
| 5% Yield On SHLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 67.00 | 1.45 | 30 | 4.5 | 0.00 (0.0%) | |
| Dec 19 | 67.00 | 2.95 | 93 | 3.1 | 0.00 (0.0%) | |
| 10% Yield On SHLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 67.00 | 1.45 | 30 | 4.5 | 0.00 (0.0%) | |
| Dec 19 | 67.00 | 2.95 | 93 | 3.1 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | PCG dividend | 1. | QURE dividend | |
| 2. | NVDA dividend | 7. | FXI dividend | 2. | OPEN dividend | |
| 3. | GLD dividend | 8. | IWM dividend | 3. | BEAM dividend | |
| 4. | IBIT dividend | 9. | SPY dividend | 4. | AEVA dividend | |
| 5. | EEM dividend | 10. | HYG dividend | 5. | LDI dividend | |
Want more examples? SHEN Dividend | SHM Dividend
