AIQ Dividend Type Payments
Although AIQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Artificial Intelligence & Technology ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Global X Artificial Intelligence & Technology ETF (AIQ) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
31.90 | 32.39 | 31.97 | -0.12 | 315K | - | 1.7B |
AIQ Dividend-Like Income Using Covered Calls
With AIQ at 31.97, 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% | 0.96 | 0.3 |
5% | 1.60 | 0.4 |
10% | 3.20 | 0.9 |
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 AIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 33.00 | 1.55 | 199 | 0.8 | 0.61 (1.9%) | |
Aug 16 | 33.00 | 1.10 | 108 | 1.0 | 0.61 (1.9%) |
5% Yield On AIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 33.00 | 1.55 | 199 | 0.8 | 0.61 (1.9%) | |
Aug 16 | 33.00 | 1.10 | 108 | 1.0 | 0.61 (1.9%) |
10% Yield On AIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 16 | 33.00 | 1.10 | 108 | 1.0 | 0.61 (1.9%) | |
May 17 | 33.00 | 0.20 | 17 | 1.2 | 0.61 (1.9%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | FSLY dividend | |
2. | QQQ dividend | 7. | KWEB dividend | 2. | WOLF dividend | |
3. | HYG dividend | 8. | TSLA dividend | 3. | DASH dividend | |
4. | SPY dividend | 9. | SLV dividend | 4. | CGC dividend | |
5. | FXI dividend | 10. | AMZN dividend | 5. | DKNG dividend |
Want more examples? AIN Dividend | AIR Dividend