INCO Dividend Type Payments

Columbia India Consumer ETF dividend

Although INCO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Columbia India Consumer 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):

Columbia India Consumer ETF (INCO)
Bid Ask Last Change Volume P/E Market Cap
61.01 65.11 64.88 -0.23 25K - 0.0B

INCO Dividend-Like Income Using Covered Calls

With INCO at 64.88, 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% 1.95 0.5
5% 3.24 0.9
10% 6.49 1.8

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:

3% Yield On INCO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 65.00 1.70 173 0.9 0.00 (0.0%)
5% Yield On INCO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 65.00 1.70 173 0.9 0.00 (0.0%)

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