SOYB Dividend Type Payments
Although SOYB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teucrium Soybean Fund ETV to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Teucrium Soybean Fund ETV (SOYB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 24.86 | 25.02 | 24.97 | +0.06 | 93K | - | 0.0B |
SOYB Dividend-Like Income Using Covered Calls
With SOYB at 24.97, 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% | 0.75 | 0.2 |
| 5% | 1.25 | 0.3 |
| 10% | 2.50 | 0.7 |
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 SOYB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 25.00 | 0.35 | 23 | 1.4 | 0.00 (0.0%) | |
| Jun 21 | 25.00 | 0.65 | 58 | 1.1 | 0.00 (0.0%) | |
| 5% Yield On SOYB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 25.00 | 0.35 | 23 | 1.4 | 0.00 (0.0%) | |
| Jun 21 | 25.00 | 0.65 | 58 | 1.1 | 0.00 (0.0%) | |
| 10% Yield On SOYB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 25.00 | 0.35 | 23 | 1.4 | 0.00 (0.0%) | |
| Jun 21 | 25.00 | 0.65 | 58 | 1.1 | 0.00 (0.0%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | QQQ dividend | 6. | EEM dividend | 1. | WOLF dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | FSLY dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | INTC dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | GRPN dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | MPW dividend | |
Want more examples? SOXX Dividend | SP Dividend
