DXJS Dividend Type Payments

Although DXJS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WISDOMTREE JAPAN HEDGED SMALLC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:05 PM ET):

Bid Ask Last Change Volume P/E Market Cap
41.79 41.82 41.82 -0.19 10K - 1.6B

DXJS Dividend-Like Income Using Covered Calls

With DXJS at 41.82, here's a table showing how big the annual "dividend" (ie. 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% 1.25 0.3
5% 2.09 0.6
10% 4.18 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 DXJS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 42.00 0.50 124 0.4 0.18 (0.4%)
Mar 15 42.00 1.00 208 0.5 0.18 (0.4%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.MOMO dividend
3.SPX dividend 8.FB dividend   3.AKRX dividend
4.QQQ dividend 9.IWM dividend   4.GPS dividend
5.XLF dividend 10.GDX dividend   5.LB dividend

Want more examples? DXJF Dividend | DXLG Dividend