RWX Dividend Type Payments
Although RWX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR DJ Wilshire Intl Real Estate to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:05 PM ET):
| SPDR DJ Wilshire Intl Real Estate (RWX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 25.15 | 25.17 | 25.17 | +0.29 | 65K | - | 2.4B |
RWX Dividend-Like Income Using Covered Calls
With RWX at 25.17, 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% | 0.76 | 0.2 |
| 5% | 1.26 | 0.3 |
| 10% | 2.52 | 0.7 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | KWEB dividend | 1. | FSLY dividend | |
| 2. | HYG dividend | 7. | EEM dividend | 2. | DJT dividend | |
| 3. | SPY dividend | 8. | TSLA dividend | 3. | CIFR dividend | |
| 4. | QQQ dividend | 9. | SLV dividend | 4. | EYPT dividend | |
| 5. | FXI dividend | 10. | EWZ dividend | 5. | TSLA dividend | |
Want more examples? RWT Dividend | RXD Dividend
