EWX Dividend Type Payments
Although EWX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR S&P Emerging Markets Small Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:35 AM ET):
| State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 68.14 | 68.29 | 68.21 | +0.31 | 7K | - | 1.1B |
EWX Dividend-Like Income Using Covered Calls
With EWX at 68.21, 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% | 2.05 | 0.6 |
| 5% | 3.41 | 0.9 |
| 10% | 6.82 | 1.9 |
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 Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | LITE dividend | |
| 2. | NVDA dividend | 7. | EWZ dividend | 2. | CLSK dividend | |
| 3. | KWEB dividend | 8. | INTC dividend | 3. | SMCI dividend | |
| 4. | GLD dividend | 9. | SPY dividend | 4. | SNAP dividend | |
| 5. | IBIT dividend | 10. | CORZ dividend | 5. | RBLX dividend | |
Want more examples? EWW Dividend | EWY Dividend
