ASHR Dividend Type Payments
Although ASHR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xtrackers Harvest CSI 300 China A-Shares ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 27.62 |
27.79 |
27.74 |
+0.20 |
1.8M |
- |
0.0B |
ASHR Dividend-Like Income Using Covered Calls
With ASHR at 27.74, 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% |
0.83 |
0.2 |
| 5% |
1.39 |
0.4 |
| 10% |
2.77 |
0.8 |
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 ASHR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
28.00 |
0.44 |
30 |
1.5 |
0.21 (0.8%) |
| Aug 8 |
28.00 |
0.52 |
37 |
1.4 |
0.21 (0.8%) |
| 5% Yield On ASHR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
28.00 |
0.44 |
30 |
1.5 |
0.21 (0.8%) |
| Aug 8 |
28.00 |
0.52 |
37 |
1.4 |
0.21 (0.8%) |
| 10% Yield On ASHR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 1 |
28.00 |
0.44 |
30 |
1.5 |
0.21 (0.8%) |
| Aug 8 |
28.00 |
0.52 |
37 |
1.4 |
0.21 (0.8%) |
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