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 Mon 4:16 PM ET):

Global X Gold Explorers ETF (GOEX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.98	52.10	47.36	-1.06	13K	-	0.1B

GOEX Dividend-Like Income Using Covered Calls

With GOEX at 47.36, 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%	1.42	0.4
5%	2.37	0.6
10%	4.74	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 GOEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	52.00	2.00	215	0.9	0.00 (0.0%)

5% Yield On GOEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	52.00	2.00	215	0.9	0.00 (0.0%)

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