SPHD Dividend Type Payments

Although SPHD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 High Dividend Low Volatility ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Invesco S&P 500 High Dividend Low Volatility ETF (SPHD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
47.27	48.20	47.53	+0.22	1.0M	-	3.6B

SPHD Dividend-Like Income Using Covered Calls

With SPHD at 47.53, 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%	1.43	0.4
5%	2.38	0.7
10%	4.75	1.3

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 SPHD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	49.00	0.10	18	0.6	0.80 (1.7%)
Sep 19	48.00	1.35	144	0.8	0.00 (0.0%)

5% Yield On SPHD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	48.00	1.35	144	0.8	0.00 (0.0%)
Jun 20	48.00	0.75	53	1.0	0.00 (0.0%)

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5.	QQQ dividend	10.	IBIT dividend	5.	ENVX dividend

Want more examples? SPHB Dividend | SPHQ Dividend