EPP Dividend Type Payments
Although EPP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Pacific Ex-Japan Index Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| iShares MSCI Pacific Ex-Japan Index Fund (EPP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 48.43 | 54.35 | 51.15 | 0.00 | 205K | - | 2.4B |
EPP Dividend-Like Income Using Covered Calls
With EPP at 51.15, 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% | 1.53 | 0.4 |
| 5% | 2.56 | 0.7 |
| 10% | 5.12 | 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:
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | DBRG dividend | |
| 2. | IBIT dividend | 7. | QQQ dividend | 2. | CRML dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | PSO dividend | |
| 4. | GLD dividend | 9. | AMD dividend | 4. | ARCT dividend | |
| 5. | TSLA dividend | 10. | SLV dividend | 5. | ABAT dividend | |
Want more examples? EPOL Dividend | EPR Dividend
