EWZ Dividend Type Payments

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 Thu 12:40 PM ET):

iShares Inc iShares MSCI Brazil ETF (EWZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
25.59	25.60	25.59	-0.92	23.0M	-	4.2B

EWZ Dividend-Like Income Using Covered Calls

With EWZ at 25.59, 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%	0.77	0.2
5%	1.28	0.4
10%	2.56	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 EWZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	25.50	0.37	9	3.0	0.00 (0.0%)
Dec 27	25.50	0.38	16	1.8	0.00 (0.0%)

5% Yield On EWZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	25.50	0.37	9	3.0	0.00 (0.0%)
Dec 27	25.50	0.38	16	1.8	0.00 (0.0%)

10% Yield On EWZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	25.50	0.37	9	3.0	0.00 (0.0%)
Dec 27	25.50	0.38	16	1.8	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	HUT dividend
2.	SPY dividend	7.	QQQ dividend	2.	SERV dividend
3.	FXI dividend	8.	KWEB dividend	3.	TEM dividend
4.	XLF dividend	9.	TLT dividend	4.	ACHR dividend
5.	EEM dividend	10.	EWZ dividend	5.	IREN dividend

Want more examples? EWY Dividend | EWZS Dividend