GNR Dividend Type Payments

SPDR S&P Global Natural Resources ETF dividend

Although GNR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P Global Natural Resources ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:15 AM ET):

SPDR S&P Global Natural Resources ETF (GNR)
Bid Ask Last Change Volume P/E Market Cap
46.44 46.48 46.46 +0.37 14K - 0.0B

GNR Dividend-Like Income Using Covered Calls

With GNR at 46.46, 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% 1.39 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 GNR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 47.00 0.15 32 0.5 0.52 (1.1%)
Jun 21 47.00 0.45 96 0.5 0.52 (1.1%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.TLRY dividend
2.EEM dividend 7.BMY dividend   2.ACB dividend
3.SPX dividend 8.AAPL dividend   3.MU dividend
4.QQQ dividend 9.IWM dividend   4.BCRX dividend
5.FXI dividend 10.NIO dividend   5.FDX dividend

Want more examples? GNMX Dividend | GNRC Dividend