SIMS Dividend Type Payments
Although SIMS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR S&P Kensho Intelligent Structures ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:20 AM ET):
| State Street SPDR S&P Kensho Intelligent Structures ETF (SIMS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 45.72 | 45.80 | 45.76 | +0.35 | 1K | - | 0.0B |
SIMS Dividend-Like Income Using Covered Calls
With SIMS at 45.76, 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% | 1.37 | 0.4 |
| 5% | 2.29 | 0.6 |
| 10% | 4.58 | 1.3 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | PINS dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | U dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | NET dividend | |
| 5. | GLD dividend | 10. | CORZ dividend | 5. | QS dividend | |
Want more examples? SIMO Dividend | SIRI Dividend
