SHLD Dividend Type Payments

Although SHLD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on 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 Mon 3:35 PM ET):

Global X Defense Tech ETF (SHLD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
74.34	74.37	74.35	-0.89	1.6M	-	0.0B

SHLD Dividend-Like Income Using Covered Calls

With SHLD at 74.35, 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%	2.23	0.6
5%	3.72	1.0
10%	7.44	2.0

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 SHLD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	74.00	4.90	137	3.3	0.00 (0.0%)
Sep 18	74.00	6.60	229	2.7	0.00 (0.0%)

5% Yield On SHLD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	74.00	4.90	137	3.3	0.00 (0.0%)
Sep 18	74.00	6.60	229	2.7	0.00 (0.0%)

10% Yield On SHLD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	74.00	4.90	137	3.3	0.00 (0.0%)
Sep 18	74.00	6.60	229	2.7	0.00 (0.0%)

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Want more examples? SHEN Dividend | SHM Dividend