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 Wed 2:25 PM ET):
| Invesco S&P Global Water Index ETF (CGW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 63.11 | 63.15 | 63.14 | +0.17 | 9K | - | 0.8B |
CGW Dividend-Like Income Using Covered Calls
With CGW at 63.14, 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% | 1.89 | 0.5 |
| 5% | 3.16 | 0.9 |
| 10% | 6.31 | 1.7 |
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 | |
| Dec 19 | 63.00 | 1.15 | 136 | 0.7 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | AAOI dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | MBX dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | GRPN dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | LYFT dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | APP dividend | |
Want more examples? CGRO Dividend | CHAU Dividend
