DNL Dividend Type Payments

WisdomTree Global ex-US Quality Dividend Growth Fund dividend

Although DNL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WisdomTree Global ex-US Quality Dividend Growth Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:25 PM ET):

WisdomTree Global ex-US Quality Dividend Growth Fund (DNL)
Bid Ask Last Change Volume P/E Market Cap
39.75 39.84 39.82 +0.07 8K - 0.6B

DNL Dividend-Like Income Using Covered Calls

With DNL at 39.82, 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% 1.19 0.3
5% 1.99 0.5
10% 3.98 1.1

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 DNL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 40.00 0.35 39 0.9 0.16 (0.4%)
5% Yield On DNL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 40.00 0.35 39 0.9 0.16 (0.4%)

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Want more examples? DNB Dividend | DNLI Dividend