XMLV Dividend Type Payments
Although XMLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P MidCap 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 Mon 3:00 PM ET):
| Invesco S&P MidCap Low Volatility ETF (XMLV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 61.57 | 61.67 | 61.60 | -0.23 | 14K | - | 1.6B |
XMLV Dividend-Like Income Using Covered Calls
With XMLV at 61.60, 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% | 1.85 | 0.5 |
| 5% | 3.08 | 0.8 |
| 10% | 6.16 | 1.7 |
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. | INTC dividend | 1. | ENVX dividend | |
| 2. | KVUE dividend | 7. | TLT dividend | 2. | UPST dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | NVTS dividend | |
| 4. | SLV dividend | 9. | EEM dividend | 4. | HIMS dividend | |
| 5. | GLD dividend | 10. | HYG dividend | 5. | GHRS dividend | |
Want more examples? XMHQ Dividend | XMMO Dividend
