TDV Dividend Type Payments

ProShares S&P Technology Dividend Aristocrats ETF dividend

Although TDV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P Technology Dividend Aristocrats ETF 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):

ProShares S&P Technology Dividend Aristocrats ETF (TDV)
Bid Ask Last Change Volume P/E Market Cap
86.16 87.78 86.90 -0.20 8K - 0.0B

TDV Dividend-Like Income Using Covered Calls

With TDV at 86.90, 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% 2.61 0.7
5% 4.35 1.2
10% 8.69 2.4

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 TDV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 88.00 0.80 65 1.2 0.22 (0.3%)
Nov 21 91.00 0.45 37 1.2 3.22 (3.7%)
5% Yield On TDV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 88.00 0.80 65 1.2 0.22 (0.3%)
Nov 21 91.00 0.45 37 1.2 3.22 (3.7%)

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Want more examples? TDTT Dividend | TDVG Dividend