HEWJ Dividend Type Payments

Although HEWJ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares CH MSCI Japan 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):

iShares CH MSCI Japan ETF (HEWJ)
Bid Ask Last Change Volume P/E Market Cap
30.30 32.50 30.30 +0.03 680K - 0.0B

HEWJ Dividend-Like Income Using Covered Calls

With HEWJ at 30.30, 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% 0.91 0.2
5% 1.52 0.4
10% 3.03 0.8

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:

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.CRON dividend
2.EEM dividend 7.AAPL dividend   2.NBEV dividend
3.SPX dividend 8.BMY dividend   3.BB dividend
4.QQQ dividend 9.IWM dividend   4.SPWR dividend
5.FXI dividend 10.EWZ dividend   5.BCRX dividend

Want more examples? HEWI Dividend | HEWL Dividend