ECON Dividend Type Payments

Although ECON has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Columbia Emerging Markets Cons to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:00 AM ET):

Columbia Emerging Markets Cons (ECON)
Bid Ask Last Change Volume P/E Market Cap
20.29 20.32 20.30 -0.35 5K - 0.0B

ECON Dividend-Like Income Using Covered Calls

With ECON at 20.30, 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% 0.61 0.2
5% 1.02 0.3
10% 2.03 0.6

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 ECON Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 21.00 0.10 40 0.3 0.68 (3.3%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.GSIE dividend 6.QRVO dividend   1. dividend
2.ASNA dividend 7.GWPH dividend   2. dividend
3.QCOM dividend 8.ATUS dividend   3. dividend
4.GTLS dividend 9.RAD dividend   4. dividend
5.ATHN dividend 10.HAL dividend   5. dividend

Want more examples? ECOM Dividend | ECPG Dividend