ASEA Dividend Type Payments

Global X FTSE Southeast Asia ETF dividend

Although ASEA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X FTSE Southeast Asia ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:30 AM ET):

Global X FTSE Southeast Asia ETF (ASEA)
Bid Ask Last Change Volume P/E Market Cap
16.22 16.29 16.27 -0.06 5K - 0.1B

ASEA Dividend-Like Income Using Covered Calls

With ASEA at 16.27, 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% 0.49 0.1
5% 0.81 0.2
10% 1.63 0.4

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 ASEA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 17.00 0.20 148 0.1 0.71 (4.4%)

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