CGW Dividend Type Payments
Although CGW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P Global Water Index ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:20 PM ET):
Invesco S&P Global Water Index ETF (CGW) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
55.27 | 55.32 | 55.30 | +0.76 | 21K | - | 0.7B |
CGW Dividend-Like Income Using Covered Calls
With CGW at 55.30, 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% | 1.66 | 0.5 |
5% | 2.77 | 0.8 |
10% | 5.53 | 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 CGW Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 20 | 56.00 | 1.05 | 151 | 0.7 | 0.68 (1.2%) | |
Dec 20 | 56.00 | 2.10 | 242 | 0.9 | 0.68 (1.2%) |
5% Yield On CGW Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 56.00 | 2.10 | 242 | 0.9 | 0.68 (1.2%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | KWEB dividend | 1. | FSLY dividend | |
2. | HYG dividend | 7. | EEM dividend | 2. | DJT dividend | |
3. | SPY dividend | 8. | TSLA dividend | 3. | CIFR dividend | |
4. | QQQ dividend | 9. | SLV dividend | 4. | EYPT dividend | |
5. | FXI dividend | 10. | EWZ dividend | 5. | PINS dividend |
Want more examples? CGRO Dividend | CHAU Dividend