SLV Dividend Type Payments

iShares Silver Trust dividend

Although SLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Silver Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:10 PM ET):

iShares Silver Trust (SLV)
Bid Ask Last Change Volume P/E Market Cap
28.33 28.34 28.34 -0.70 23.0M - 15B

SLV Dividend-Like Income Using Covered Calls

With SLV at 28.34, 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% 0.85 0.2
5% 1.42 0.4
10% 2.83 0.8

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 SLV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 28.50 0.44 9 4.9 0.16 (0.6%)
Dec 27 28.50 0.56 16 3.5 0.16 (0.6%)
5% Yield On SLV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 28.50 0.44 9 4.9 0.16 (0.6%)
Dec 27 28.50 0.56 16 3.5 0.16 (0.6%)
10% Yield On SLV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 28.50 0.44 9 4.9 0.16 (0.6%)
Dec 27 28.50 0.56 16 3.5 0.16 (0.6%)

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Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.HUT dividend
2.SPY dividend 7.QQQ dividend   2.QUBT dividend
3.FXI dividend 8.KWEB dividend   3.SERV dividend
4.XLF dividend 9.TLT dividend   4.ACHR dividend
5.EEM dividend 10.EWZ dividend   5.TEM dividend

Want more examples? SLS Dividend | SLVP Dividend