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 Tue 11:10 AM ET):

Global X FTSE Southeast Asia ETF (ASEA)
Bid Ask Last Change Volume P/E Market Cap
16.99 17.07 17.01 -0.13 28K - 0.1B

ASEA Dividend-Like Income Using Covered Calls

With ASEA at 17.01, 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% 0.51 0.1
5% 0.85 0.2
10% 1.70 0.5

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 0.35 39 0.7 0.00 (0.0%)
Feb 20 17.00 0.55 130 0.4 0.00 (0.0%)
5% Yield On ASEA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 17.00 0.35 39 0.7 0.00 (0.0%)
Feb 20 17.00 0.55 130 0.4 0.00 (0.0%)
10% Yield On ASEA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 17.00 0.35 39 0.7 0.00 (0.0%)

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Want more examples? ASC Dividend | ASGN Dividend