EWZS Dividend Type Payments
Although EWZS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Brazil 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 Mon 4:16 PM ET):
iShares MSCI Brazil Small-Cap ETF (EWZS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
10.88 | 11.64 | 10.90 | -0.14 | 108K | - | 0.1B |
EWZS Dividend-Like Income Using Covered Calls
With EWZS at 10.90, 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% | 0.33 | 0.1 |
5% | 0.55 | 0.1 |
10% | 1.09 | 0.3 |
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 EWZS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 12.00 | 0.35 | 208 | 0.2 | 0.36 (3.3%) |
5% Yield On EWZS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 12.00 | 0.35 | 208 | 0.2 | 0.36 (3.3%) |
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Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | SLNO dividend | |
2. | SPY dividend | 7. | QQQ dividend | 2. | WOLF dividend | |
3. | SLV dividend | 8. | TLT dividend | 3. | EWTX dividend | |
4. | ASHR dividend | 9. | TSLA dividend | 4. | RGTI dividend | |
5. | NIO dividend | 10. | IWM dividend | 5. | SOUN dividend |
Want more examples? EWZ Dividend | EXAS Dividend