DWX Dividend Type Payments
Although DWX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P International Dividend ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:05 PM ET):
| SPDR S&P International Dividend ETF (DWX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 34.10 | 34.16 | 34.14 | -0.20 | 7K | - | 1.0B |
DWX Dividend-Like Income Using Covered Calls
With DWX at 34.14, 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% | 1.02 | 0.3 |
| 5% | 1.71 | 0.5 |
| 10% | 3.41 | 0.9 |
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 DWX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 21 | 34.00 | 0.40 | 59 | 0.4 | 0.00 (0.0%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | FSLY dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | SNAP dividend | |
| 3. | QQQ dividend | 8. | TSLA dividend | 3. | CVNA dividend | |
| 4. | SPY dividend | 9. | SLV dividend | 4. | W dividend | |
| 5. | FXI dividend | 10. | EWZ dividend | 5. | PINS dividend | |
Want more examples? DWM Dividend | DX Dividend
