Estimate your potential dividend income and share growth from TSLY (YieldMax TSLA Option Income Strategy ETF).
Understanding the TSLY Dividend Calculator
The TSLY Dividend Income Projector helps you visualize the potential growth of your investment in TSLY (YieldMax TSLA Option Income Strategy ETF) through its monthly dividend distributions, especially when considering dividend reinvestment.
What is TSLY?
TSLY is an actively managed exchange-traded fund (ETF) from YieldMax that aims to generate monthly income by selling covered call options on Tesla (TSLA) stock. Unlike traditional dividend stocks that pay out a portion of company earnings, TSLY's income is derived from option premiums. This strategy can lead to very high yields, but it also comes with unique risks, including potential for capital depreciation if TSLA stock performs poorly or if the options strategy doesn't fully capture upside.
How TSLY Dividends Work
Monthly Distributions: TSLY typically pays out dividends on a monthly basis.
Variable Payouts: The dividend amount per share can vary significantly from month to month, depending on market volatility, TSLA's stock performance, and the success of the fund's option strategy.
Source of Income: Dividends primarily come from the premiums collected from selling covered calls. In some cases, distributions might include a return of capital, which is not considered taxable income until you sell your shares, but it reduces your cost basis.
Using the Calculator
To use this calculator effectively, input the following details:
Initial Investment Amount: The total dollar amount you plan to invest in TSLY.
Current TSLY Share Price: The current market price of one share of TSLY. This helps determine your initial number of shares.
Average Monthly Dividend Per Share: Since TSLY's dividends are variable, it's best to use an average of recent payouts or a conservative estimate for future projections. You can find historical dividend data on financial websites.
Dividend Reinvestment Rate (%): Specify what percentage of your dividends you wish to reinvest back into TSLY shares. 100% means all dividends are used to buy more shares, while 0% means you take all dividends as cash.
Projection Period (Months): The number of months you want to project your investment growth.
Example Scenario:
Let's say you have an initial investment of $10,000. The current TSLY share price is $15.00, and you estimate an average monthly dividend of $0.50 per share. You decide to reinvest 100% of your dividends for a period of 24 months.
Total Shares (End of Month 1): 666.67 + 22.22 = 688.89 shares
This process continues, with your share count growing each month, leading to higher dividend payouts in subsequent months due to compounding.
After 24 months, with these parameters, the calculator would show your total shares, total dividends earned, and your projected monthly income at the end of the period.
Important Considerations:
Dividend Volatility: TSLY's dividends are not guaranteed and can fluctuate significantly. This calculator uses an average, which may not reflect future actual payouts.
Share Price Fluctuation: The calculator assumes a constant TSLY share price for simplicity. In reality, TSLY's share price will fluctuate, impacting the number of shares you can buy with reinvested dividends and the overall value of your investment.
Tax Implications: Dividends from TSLY are generally taxable as ordinary income. Consult a tax professional for personalized advice.
Risk: TSLY is a complex ETF with specific risks related to its options strategy and its underlying asset (TSLA). It is not suitable for all investors.
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function calculateTSLYDividends() {
var initialInvestment = parseFloat(document.getElementById("initialInvestment").value);
var tslySharePrice = parseFloat(document.getElementById("tslySharePrice").value);
var monthlyDividendPerShare = parseFloat(document.getElementById("monthlyDividendPerShare").value);
var reinvestmentRate = parseFloat(document.getElementById("reinvestmentRate").value) / 100;
var projectionMonths = parseInt(document.getElementById("projectionMonths").value);
var resultDiv = document.getElementById("tslyResult");
resultDiv.innerHTML = ""; // Clear previous results
// Input validation
if (isNaN(initialInvestment) || initialInvestment < 0) {
resultDiv.innerHTML = "Please enter a valid initial investment amount.";
return;
}
if (isNaN(tslySharePrice) || tslySharePrice <= 0) {
resultDiv.innerHTML = "Please enter a valid TSLY share price (must be greater than 0).";
return;
}
if (isNaN(monthlyDividendPerShare) || monthlyDividendPerShare < 0) {
resultDiv.innerHTML = "Please enter a valid average monthly dividend per share.";
return;
}
if (isNaN(reinvestmentRate) || reinvestmentRate 1) {
resultDiv.innerHTML = "Please enter a valid reinvestment rate between 0 and 100.";
return;
}
if (isNaN(projectionMonths) || projectionMonths <= 0) {
resultDiv.innerHTML = "Please enter a valid projection period in months (must be greater than 0).";
return;
}
var currentShares = initialInvestment / tslySharePrice;
var totalDividendsEarned = 0;
var totalReinvestedAmount = 0;
for (var i = 0; i < projectionMonths; i++) {
var monthlyDividendIncome = currentShares * monthlyDividendPerShare;
totalDividendsEarned += monthlyDividendIncome;
var reinvestedAmount = monthlyDividendIncome * reinvestmentRate;
totalReinvestedAmount += reinvestedAmount;
var newSharesBought = reinvestedAmount / tslySharePrice; // Assuming share price remains constant
currentShares += newSharesBought;
}
var finalMonthlyIncome = currentShares * monthlyDividendPerShare;
var finalAnnualIncome = finalMonthlyIncome * 12;
var finalInvestmentValue = currentShares * tslySharePrice;
resultDiv.innerHTML =
"Projection Results (" + projectionMonths + " Months):" +
"Initial Shares Owned: " + (initialInvestment / tslySharePrice).toFixed(2) + "" +
"Total Shares After " + projectionMonths + " Months: " + currentShares.toFixed(2) + "" +
"Total Dividends Earned Over Period: $" + totalDividendsEarned.toFixed(2) + "" +
"Total Amount Reinvested: $" + totalReinvestedAmount.toFixed(2) + "" +
"Projected Monthly Dividend Income (End of Period): $" + finalMonthlyIncome.toFixed(2) + "" +
"Projected Annual Dividend Income (End of Period): $" + finalAnnualIncome.toFixed(2) + "" +
"Estimated Investment Value (End of Period): $" + finalInvestmentValue.toFixed(2) + "";
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