TCHI Dividend Type Payments
Although TCHI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI China Multisector Tech ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:25 AM ET):
| iShares MSCI China Multisector Tech ETF (TCHI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 25.46 | 25.52 | 25.44 | +0.37 | 7K | - | 0.0B |
TCHI Dividend-Like Income Using Covered Calls
With TCHI at 25.44, 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% | 1.27 | 0.3 |
| 10% | 2.54 | 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:
| 3% Yield On TCHI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 26.00 | 1.00 | 163 | 0.6 | 0.48 (1.9%) | |
| 5% Yield On TCHI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 26.00 | 1.00 | 163 | 0.6 | 0.48 (1.9%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | RUN dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | SG dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | SMR dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | XYZ dividend | |
Want more examples? TCBK Dividend | TCHP Dividend
