CHIQ Dividend Type Payments

Although CHIQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X MSCI China Consumer Discretionary 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):

Global X MSCI China Consumer Discretionary ETF (CHIQ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
20.00	22.43	21.14	+0.01	14K	-	0.2B

CHIQ Dividend-Like Income Using Covered Calls

With CHIQ at 21.14, 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%	0.63	0.2
5%	1.06	0.3
10%	2.11	0.6

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 CHIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	23.00	0.25	85	0.3	0.57 (2.7%)
Dec 19	23.00	0.65	176	0.4	0.57 (2.7%)

5% Yield On CHIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	23.00	0.25	85	0.3	0.57 (2.7%)
Dec 19	23.00	0.65	176	0.4	0.57 (2.7%)

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Want more examples? CHH Dividend | CHKP Dividend