WEAT Dividend Type Payments

Teucrium Wheat Fund ETV dividend

Although WEAT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teucrium Wheat Fund ETV to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:40 PM ET):

Teucrium Wheat Fund ETV (WEAT)
Bid Ask Last Change Volume P/E Market Cap
20.07 20.09 20.08 -0.12 63K - 0.0B

WEAT Dividend-Like Income Using Covered Calls

With WEAT at 20.08, 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% 0.60 0.2
5% 1.00 0.3
10% 2.01 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:

3% Yield On WEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 20.00 0.15 18 0.3 0.00 (0.0%)
Apr 17 21.00 0.45 109 0.4 0.91 (4.5%)
5% Yield On WEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 20.00 0.15 18 0.3 0.00 (0.0%)
Apr 17 21.00 0.45 109 0.4 0.91 (4.5%)
10% Yield On WEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 17 20.00 1.25 200 0.6 0.00 (0.0%)
Feb 20 20.00 0.60 53 1.0 0.00 (0.0%)

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