EWV Dividend Type Payments

PROSHARES ULTRA-SHORT MSCI JAPA dividend

Although EWV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES ULTRA-SHORT MSCI JAPA 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):

PROSHARES ULTRA-SHORT MSCI JAPA (EWV)
Bid Ask Last Change Volume P/E Market Cap
27.15 27.62 27.32 -0.11 7K - 0.1B

EWV Dividend-Like Income Using Covered Calls

With EWV at 27.32, 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% 0.82 0.2
5% 1.37 0.4
10% 2.73 0.7

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 EWV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 29.00 0.05 3 1.7 1.38 (5.1%)
5% Yield On EWV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 29.00 0.05 3 1.7 1.38 (5.1%)
10% Yield On EWV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 29.00 0.05 3 1.7 1.38 (5.1%)

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Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
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5.BAC dividend 10.AMD dividend   5.TLRY dividend

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