IGN Dividend Type Payments

iShares North American Tech-Multimedia Networking ETF dividend

Although IGN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares North American Tech-Multimedia Networking ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

iShares North American Tech-Multimedia Networking ETF (IGN)
Bid Ask Last Change Volume P/E Market Cap
54.88 55.26 55.26 -1.48 22K - 0.0B

IGN Dividend-Like Income Using Covered Calls

With IGN at 55.26, 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% 1.66 0.5
5% 2.76 0.8
10% 5.53 1.5

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 IGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 56.00 0.55 28 2.0 0.74 (1.3%)
May 17 56.00 0.30 57 0.5 0.74 (1.3%)
5% Yield On IGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 56.00 0.55 28 2.0 0.74 (1.3%)
May 17 55.00 1.40 57 2.0 0.00 (0.0%)
10% Yield On IGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 56.00 0.55 28 2.0 0.74 (1.3%)
May 17 55.00 1.40 57 2.0 0.00 (0.0%)

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