GLIN Dividend Type Payments
Although GLIN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VanEck India Growth Leaders ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:55 AM ET):
| VanEck India Growth Leaders ETF (GLIN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 46.40 | 46.53 | 46.45 | +0.11 | 3K | - | 0.1B |
GLIN Dividend-Like Income Using Covered Calls
With GLIN at 46.45, 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% | 1.39 | 0.4 |
| 5% | 2.32 | 0.6 |
| 10% | 4.65 | 1.3 |
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 GLIN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 49.00 | 0.20 | 45 | 0.4 | 2.47 (5.3%) | |
| Mar 20 | 47.00 | 1.10 | 136 | 0.8 | 0.47 (1.0%) | |
| 5% Yield On GLIN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 47.00 | 1.10 | 136 | 0.8 | 0.47 (1.0%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | SOUN dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | LCID dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | ENVX dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | CELH dividend | |
Want more examples? GLDW Dividend | GLL Dividend
