BZQ Dividend Type Payments

Although BZQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES ULTRA-SHORT MSCI BRAZ 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):

PROSHARES ULTRA-SHORT MSCI BRAZ (BZQ)
Bid Ask Last Change Volume P/E Market Cap
54.10 54.93 54.69 +0.64 118K - 0.3B

BZQ Dividend-Like Income Using Covered Calls

With BZQ at 54.69, 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% 1.64 0.4
5% 2.73 0.7
10% 5.47 1.5

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 BZQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 85.00 0.30 37 0.8 30.07 (55.0%)
Oct 19 75.00 2.70 65 4.2 20.07 (36.7%)
5% Yield On BZQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 85.00 0.30 37 0.8 30.07 (55.0%)
Oct 19 75.00 2.70 65 4.2 20.07 (36.7%)
10% Yield On BZQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 75.00 0.65 37 1.8 20.07 (36.7%)
Oct 19 75.00 2.70 65 4.2 20.07 (36.7%)

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Want more examples? BZJ Dividend | BZUN Dividend