GOEX Dividend Type Payments

Although GOEX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GLOBAL X GOLD EXPLORERS ETF 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):

GLOBAL X GOLD EXPLORERS ETF (GOEX)
Bid Ask Last Change Volume P/E Market Cap
20.02 20.42 20.02 +0.17 1K - 0.4B

GOEX Dividend-Like Income Using Covered Calls

With GOEX at 20.02, 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% 0.60 0.2
5% 1.00 0.3
10% 2.00 0.5

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 GOEX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 21.00 0.40 94 0.4 0.58 (2.9%)
5% Yield On GOEX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 21.00 0.40 94 0.4 0.58 (2.9%)

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Want more examples? GOAU Dividend | GOGL Dividend