EDC Dividend Type Payments

Although EDC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Emerging Markets Bull 3X Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:50 PM ET):

Direxion Emerging Markets Bull 3X Shares (EDC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
41.47	41.51	41.45	+0.83	34K	-	0.1B

EDC Dividend-Like Income Using Covered Calls

With EDC at 41.45, 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%	1.24	0.3
5%	2.07	0.6
10%	4.15	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 EDC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.75	9	8.3	0.49 (1.2%)
Oct 17	42.00	2.50	72	3.5	0.49 (1.2%)

5% Yield On EDC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.75	9	8.3	0.49 (1.2%)
Oct 17	42.00	2.50	72	3.5	0.49 (1.2%)

10% Yield On EDC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	42.00	0.75	9	8.3	0.49 (1.2%)
Oct 17	42.00	2.50	72	3.5	0.49 (1.2%)

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Want more examples? EDAP Dividend | EDIT Dividend