EWZ Dividend Type Payments

iShares, Inc iShares MSCI Brazil ETF dividend

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

iShares, Inc iShares MSCI Brazil ETF (EWZ)
Bid Ask Last Change Volume P/E Market Cap
40.49 40.55 40.49 +0.03 19.9M - 0.0B

EWZ Dividend-Like Income Using Covered Calls

With EWZ at 40.49, 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% 1.21 0.3
5% 2.02 0.6
10% 4.05 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 EWZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 42.50 0.03 5 0.6 1.95 (4.8%)
May 3 43.50 0.04 12 0.3 2.95 (7.3%)
5% Yield On EWZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 42.50 0.03 5 0.6 1.95 (4.8%)
May 3 43.00 0.09 12 0.8 2.45 (6.1%)
10% Yield On EWZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 42.00 0.07 5 1.4 1.45 (3.6%)
May 3 42.50 0.16 12 1.3 1.95 (4.8%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.SNAP dividend
2.COTY dividend 7.BAC dividend   2.TWTR dividend
3.EEM dividend 8.EWZ dividend   3.BCRX dividend
4.FXI dividend 9.XOP dividend   4.TSLA dividend
5.SPX dividend 10.XLF dividend   5.F dividend

Want more examples? EWY Dividend | EXAS Dividend