XT Dividend Type Payments

Although XT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Future Exponential Technologies ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:15 PM ET):

iShares Future Exponential Technologies ETF (XT)
Bid Ask Last Change Volume P/E Market Cap
68.82 68.88 68.83 -6.03 47K - 3.0B

XT Dividend-Like Income Using Covered Calls

With XT at 68.83, 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% 2.06 0.6
5% 3.44 0.9
10% 6.88 1.9

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 XT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 69.16 0.40 32 1.3 0.28 (0.4%)
Apr 17 69.16 1.80 123 1.5 0.28 (0.4%)
5% Yield On XT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 69.16 0.40 32 1.3 0.28 (0.4%)
Apr 17 69.16 1.80 123 1.5 0.28 (0.4%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.HUT dividend
2.SPY dividend 7.SLV dividend   2.SGML dividend
3.IBIT dividend 8.NFLX dividend   3.NNE dividend
4.QQQ dividend 9.XLF dividend   4.KMX dividend
5.TLT dividend 10.AMZN dividend   5.EOSE dividend

Want more examples? XSW Dividend | XTL Dividend