SILJ Dividend Type Payments

Although SILJ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ETFMG Prime Junior Silver ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

ETFMG Prime Junior Silver ETF (SILJ)
Bid Ask Last Change Volume P/E Market Cap
9.40 10.20 9.55 -0.07 139K - 0.0B

SILJ Dividend-Like Income Using Covered Calls

With SILJ at 9.55, 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% 0.29 0.1
5% 0.48 0.1
10% 0.96 0.3

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 SILJ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 12.00 0.20 178 0.1 1.80 (18.8%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
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4.QQQ dividend 9.XOP dividend   4.IQ dividend
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Want more examples? SIL Dividend | SIMO Dividend