GNOM Dividend Type Payments

Global X Genomics & Biotechnology ETF dividend

Although GNOM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Genomics & Biotechnology 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):

Global X Genomics & Biotechnology ETF (GNOM)
Bid Ask Last Change Volume P/E Market Cap
7.73 8.62 8.20 +0.13 32K - 0.1B

GNOM Dividend-Like Income Using Covered Calls

With GNOM at 8.20, 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% 0.25 0.1
5% 0.41 0.1
10% 0.82 0.2

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 GNOM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 9.00 0.25 204 0.1 0.38 (4.6%)
5% Yield On GNOM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 9.00 0.25 204 0.1 0.38 (4.6%)

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