SPYD Dividend Type Payments

Although SPYD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Series Trust SPDR Portfolio S&P 500 High Dividend 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):

SPDR Series Trust SPDR Portfolio S&P 500 High Dividend ETF (SPYD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
43.20	43.43	43.36	+0.32	2.4M	-	0.0B

SPYD Dividend-Like Income Using Covered Calls

With SPYD at 43.36, 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%	1.30	0.4
5%	2.17	0.6
10%	4.34	1.2

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 SPYD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	44.00	0.75	64	1.2	0.57 (1.3%)
Nov 21	44.00	0.40	36	1.1	0.57 (1.3%)

5% Yield On SPYD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	44.00	0.75	64	1.2	0.57 (1.3%)
Nov 21	44.00	0.40	36	1.1	0.57 (1.3%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	GLD dividend	1.	CIFR dividend
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4.	SLV dividend	9.	INTC dividend	4.	BHVN dividend
5.	HYG dividend	10.	QQQ dividend	5.	IREN dividend

Want more examples? SPYC Dividend | SPYG Dividend