IOO Dividend Type Payments

iShares S&P Global 100 Index dividend

Although IOO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares S&P Global 100 Index 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 S&P Global 100 Index (IOO)
Bid Ask Last Change Volume P/E Market Cap
44.06 44.06 44.06 -0.95 129K - 0.0B

IOO Dividend-Like Income Using Covered Calls

With IOO at 44.06, 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% 1.32 0.4
5% 2.20 0.6
10% 4.41 1.2

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 IOO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 44.00 0.35 36 0.8 0.00 (0.0%)
Apr 18 45.00 0.65 126 0.5 0.94 (2.1%)
5% Yield On IOO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 44.00 0.35 36 0.8 0.00 (0.0%)
Apr 18 44.00 1.25 126 0.9 0.00 (0.0%)

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Want more examples? IONS Dividend | IOSP Dividend