ENZL Dividend Type Payments

iShares MSCI New Zealand ETF dividend

Although ENZL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI New Zealand ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

iShares MSCI New Zealand ETF (ENZL)
Bid Ask Last Change Volume P/E Market Cap
49.65 49.65 49.65 +0.08 21K - 0.2B

ENZL Dividend-Like Income Using Covered Calls

With ENZL at 49.65, 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% 1.49 0.4
5% 2.48 0.7
10% 4.97 1.4

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 ENZL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 0.20 24 0.8 0.35 (0.7%)
5% Yield On ENZL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 0.20 24 0.8 0.35 (0.7%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.VIPS dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.BAC dividend   3.FSLR dividend
4.QQQ dividend 9.XOP dividend   4.IQ dividend
5.FXI dividend 10.LLY dividend   5.TTD dividend

Want more examples? ENZ Dividend | EOCC Dividend