SPCX Dividend Type Payments
Although SPCX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on AXS SPAC and New Issue ETF 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):
| AXS SPAC and New Issue ETF (SPCX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 23.20 | 23.91 | 23.46 | -0.03 | 0K | - | 0.0B |
SPCX Dividend-Like Income Using Covered Calls
With SPCX at 23.46, 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% | 0.70 | 0.2 |
| 5% | 1.17 | 0.3 |
| 10% | 2.35 | 0.6 |
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:
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| Top 10 Open Interest For Jun 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | FXI dividend | 1. | GME dividend | |
| 2. | QQQ dividend | 7. | AAPL dividend | 2. | INSM dividend | |
| 3. | IWM dividend | 8. | EEM dividend | 3. | ALT dividend | |
| 4. | TSLA dividend | 9. | HYG dividend | 4. | CORT dividend | |
| 5. | AMZN dividend | 10. | SLV dividend | 5. | GPCR dividend | |
Want more examples? SPCE Dividend | SPD Dividend
