SPMD Dividend Type Payments

State Street SPDR Portfolio S&P 400 Mid Cap ETF dividend

Although SPMD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR Portfolio S&P 400 Mid Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:50 PM ET):

State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)
Bid Ask Last Change Volume P/E Market Cap
57.31 57.32 57.31 +0.42 1.5M - 0.2B

SPMD Dividend-Like Income Using Covered Calls

With SPMD at 57.31, 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% 1.72 0.5
5% 2.87 0.8
10% 5.73 1.6

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 Nov 21 Expiration     Top 5 High Yield
1.IBIT dividend 6.TLT dividend   1.CRCL dividend
2.NVDA dividend 7.ASST dividend   2.OKLO dividend
3.KVUE dividend 8.SPY dividend   3.SERV dividend
4.SLV dividend 9.INTC dividend   4.CRML dividend
5.GLD dividend 10.HYG dividend   5.TMC dividend

Want more examples? SPMB Dividend | SPMO Dividend