FXY Dividend Type Payments

Although FXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco CurrencyShares Japanese Yen Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Invesco CurrencyShares Japanese Yen Trust (FXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
64.43	64.45	64.54	-0.20	508K	-	0.2B

FXY Dividend-Like Income Using Covered Calls

With FXY at 64.54, 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%	1.94	0.5
5%	3.23	0.9
10%	6.45	1.8

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 FXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	65.00	0.45	17	2.6	0.55 (0.9%)
Sep 19	65.00	1.90	143	1.3	0.55 (0.9%)

5% Yield On FXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	65.00	0.45	17	2.6	0.55 (0.9%)
Sep 19	65.00	1.90	143	1.3	0.55 (0.9%)

10% Yield On FXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	65.00	0.45	17	2.6	0.55 (0.9%)
Jun 20	65.00	1.00	52	1.9	0.55 (0.9%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ZETA dividend
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3.	TLT dividend	8.	FXI dividend	3.	HLF dividend
4.	SLV dividend	9.	SNAP dividend	4.	QCOM dividend
5.	QQQ dividend	10.	TSLA dividend	5.	RDDT dividend

Want more examples? FXU Dividend | FXZ Dividend