CORN Dividend Type Payments

Teucrium Corn Fund ETV dividend

Although CORN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teucrium Corn Fund ETV to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:10 AM ET):

Teucrium Corn Fund ETV (CORN)
Bid Ask Last Change Volume P/E Market Cap
18.56 18.58 18.59 -0.22 30K - 0.1B

CORN Dividend-Like Income Using Covered Calls

With CORN at 18.59, 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% 0.56 0.2
5% 0.93 0.3
10% 1.86 0.5

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 CORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 19.00 0.65 103 0.6 0.42 (2.3%)
May 16 19.00 0.10 12 0.8 0.42 (2.3%)
5% Yield On CORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 19.00 0.65 103 0.6 0.42 (2.3%)
May 16 19.00 0.10 12 0.8 0.42 (2.3%)
10% Yield On CORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 19.00 0.65 103 0.6 0.42 (2.3%)
May 16 19.00 0.10 12 0.8 0.42 (2.3%)

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