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 Fri 4:16 PM ET):

iShares MSCI Brazil Small-Cap ETF (EWZS)
Bid Ask Last Change Volume P/E Market Cap
13.50 14.00 13.78 +0.05 279K - 0.2B

EWZS Dividend-Like Income Using Covered Calls

With EWZS at 13.78, 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% 0.41 0.1
5% 0.69 0.2
10% 1.38 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 36 0.6 0.00 (0.0%)
Jan 16 14.00 0.45 127 0.4 0.00 (0.0%)
5% Yield On EWZS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 14.00 0.20 36 0.6 0.00 (0.0%)
Jan 16 14.00 0.45 127 0.4 0.00 (0.0%)
10% Yield On EWZS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 14.00 0.20 36 0.6 0.00 (0.0%)

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Want more examples? EWZ Dividend | EXAS Dividend