SLYG Dividend Type Payments

Although SLYG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P 600 Small Cap Growth ETF (based on S&P SmallCap 600 Growth Inde to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

SPDR S&P 600 Small Cap Growth ETF (based on S&P SmallCap 600 Growth Inde (SLYG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
85.02	87.06	86.05	-1.60	102K	-	0.6B

SLYG Dividend-Like Income Using Covered Calls

With SLYG at 86.05, 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%	2.58	0.7
5%	4.30	1.2
10%	8.61	2.4

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 SLYG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	87.00	0.95	64	1.4	0.00 (0.0%)
Nov 21	87.00	2.85	162	1.7	0.00 (0.0%)

5% Yield On SLYG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	87.00	0.95	64	1.4	0.00 (0.0%)
Nov 21	87.00	2.85	162	1.7	0.00 (0.0%)

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Want more examples? SLX Dividend | SLYV Dividend