QQQC Dividend Type Payments

Although QQQC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GLOBAL X NASDAQ CHINA TECH to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:10 AM ET):

GLOBAL X NASDAQ CHINA TECH (QQQC)
Bid Ask Last Change Volume P/E Market Cap
29.96 30.23 30.14 +0.19 24K - 0.3B

QQQC Dividend-Like Income Using Covered Calls

With QQQC at 30.14, 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% 0.90 0.2
5% 1.51 0.4
10% 3.01 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:

3% Yield On QQQC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 31.00 0.45 123 0.4 0.77 (2.6%)
Dec 21 32.00 0.60 214 0.3 1.77 (5.9%)
5% Yield On QQQC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 31.00 1.05 214 0.5 0.77 (2.6%)

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Want more examples? QQQ Dividend | QQQE Dividend