EZA Dividend Type Payments

iShares MSCI South Africa Index Fund dividend

Although EZA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI South Africa Index Fund 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 South Africa Index Fund (EZA)
Bid Ask Last Change Volume P/E Market Cap
52.25 57.20 54.91 -0.59 622K - 0.0B

EZA Dividend-Like Income Using Covered Calls

With EZA at 54.91, here's a table showing how big the annual "dividend" (ie. 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% 1.65 0.5
5% 2.75 0.8
10% 5.49 1.5

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 EZA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 58.00 0.20 29 0.7 0.80 (1.5%)
Oct 18 61.00 0.50 92 0.5 3.80 (6.9%)
5% Yield On EZA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 18 60.00 0.70 92 0.8 2.80 (5.1%)
Jan 17 61.00 1.40 183 0.8 3.80 (6.9%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.SNAP dividend
2.FXI dividend 7.NIO dividend   2.HAL dividend
3.EEM dividend 8.BAC dividend   3.ITCI dividend
4.SPX dividend 9.GLD dividend   4.TWTR dividend
5.GDX dividend 10.EWZ dividend   5.CRWD dividend

Want more examples? EYPT Dividend | EZJ Dividend