SLYV Dividend Type Payments

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

SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value Index--sym (SLYV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
83.12	83.90	83.27	+0.52	229K	-	0.4B

SLYV Dividend-Like Income Using Covered Calls

With SLYV at 83.27, 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%	2.50	0.7
5%	4.16	1.1
10%	8.33	2.3

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:

3% Yield On SLYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	84.00	0.90	73	1.2	0.10 (0.1%)
Dec 19	84.00	2.50	164	1.5	0.10 (0.1%)

5% Yield On SLYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	84.00	0.90	73	1.2	0.10 (0.1%)
Dec 19	84.00	2.50	164	1.5	0.10 (0.1%)

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Want more examples? SLYG Dividend | SM Dividend