URA Dividend Type Payments

Global X Uranium ETF dividend

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

Global X Uranium ETF (URA)
Bid Ask Last Change Volume P/E Market Cap
54.90 55.00 54.90 +2.74 7.1M - 6.4B

URA Dividend-Like Income Using Covered Calls

With URA at 54.90, 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% 1.65 0.5
5% 2.75 0.8
10% 5.49 1.5

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 URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 13 55.00 1.45 5 29.0 0.00 (0.0%)
Feb 20 55.00 2.10 12 17.5 0.00 (0.0%)
5% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 13 55.00 1.45 5 29.0 0.00 (0.0%)
Feb 20 55.00 2.10 12 17.5 0.00 (0.0%)
10% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 13 55.00 1.45 5 29.0 0.00 (0.0%)
Feb 20 55.00 2.10 12 17.5 0.00 (0.0%)

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Top 10 Open Interest For Feb 20 Expiration     Top 5 High Yield
1.SLV dividend 6.QQQ dividend   1.OCUL dividend
2.NVDA dividend 7.SPY dividend   2.UPWK dividend
3.KWEB dividend 8.EWZ dividend   3.PINS dividend
4.IBIT dividend 9.TLT dividend   4.NET dividend
5.GLD dividend 10.CORZ dividend   5.APLD dividend

Want more examples? UPWK Dividend | URBN Dividend