EWZS Dividend Type Payments

iShares MSCI Brazil Small-Cap ETF dividend

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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Want more examples? EWZ Dividend | EXAS Dividend