CWI Dividend Type Payments
Although CWI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR MSCI ACWI ex-US ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:25 PM ET):
| SPDR MSCI ACWI ex-US ETF (CWI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 30.86 | 30.89 | 30.89 | +0.58 | 69K | - | 1.1B |
CWI Dividend-Like Income Using Covered Calls
With CWI at 30.89, 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% | 0.93 | 0.3 |
| 5% | 1.54 | 0.4 |
| 10% | 3.09 | 0.8 |
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:
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | WOLF dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | RGTI dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | CLSK dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | CVI dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | SOUN dividend | |
Want more examples? CWH Dividend | CWK Dividend
