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 |
12.93 | 13.77 | 13.26 | +0.36 | 656K | - | 0.1B |
EWZS Dividend-Like Income Using Covered Calls
With EWZS at 13.26, 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% | 0.40 | 0.1 |
5% | 0.66 | 0.2 |
10% | 1.33 | 0.4 |
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 | 14.00 | 0.20 | 124 | 0.2 | 0.23 (1.7%) |
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Want more examples? EWZ Dividend | EXAS Dividend