ASHS Dividend Type Payments

Although ASHS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xtrackers Harvest CSI 500 China Small CAP ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Xtrackers Harvest CSI 500 China Small CAP ETF (ASHS)
Bid Ask Last Change Volume P/E Market Cap
30.10 30.65 30.10 -0.48 483K - 0.0B

ASHS Dividend-Like Income Using Covered Calls

With ASHS at 30.10, here's a table showing how big the annual "dividend" (ie. 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% 0.90 0.2
5% 1.51 0.4
10% 3.01 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 ASHS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 33.00 0.10 28 0.4 2.35 (7.8%)
May 17 34.00 0.20 57 0.4 3.35 (11.1%)
5% Yield On ASHS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 32.00 0.25 28 0.9 1.35 (4.5%)
May 17 33.00 0.30 57 0.5 2.35 (7.8%)
10% Yield On ASHS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 32.00 0.25 28 0.9 1.35 (4.5%)
May 17 31.00 0.80 57 1.4 0.35 (1.2%)

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