GSG Dividend Type Payments

iShares GSCI Commodity-Indexed Trust Fund dividend

Although GSG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares GSCI Commodity-Indexed Trust Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

iShares GSCI Commodity-Indexed Trust Fund (GSG)
Bid Ask Last Change Volume P/E Market Cap
15.39 16.30 15.58 +0.09 199K 7.2 0.0B

GSG Dividend-Like Income Using Covered Calls

With GSG at 15.58, 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% 0.47 0.1
5% 0.78 0.2
10% 1.56 0.4

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 GSG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 17.00 0.25 179 0.1 0.70 (4.5%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.TWTR dividend
2.FXI dividend 7.NIO dividend   2.SNAP dividend
3.EEM dividend 8.BAC dividend   3.TSLA dividend
4.SPX dividend 9.IWM dividend   4.FB dividend
5.GDX dividend 10.GLD dividend   5.MGM dividend

Want more examples? GSEW Dividend | GSIE Dividend