AAAU Dividend Type Payments

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

Goldman Sachs Physical Gold ETF Shares (AAAU)
Bid Ask Last Change Volume P/E Market Cap
42.82 42.83 42.82 +0.06 1.1M - 1.1B

AAAU Dividend-Like Income Using Covered Calls

With AAAU at 42.82, 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% 1.28 0.4
5% 2.14 0.6
10% 4.28 1.2

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 AAAU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 43.00 0.75 29 2.6 0.17 (0.4%)
Feb 20 43.00 1.05 64 1.6 0.17 (0.4%)
5% Yield On AAAU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 43.00 0.75 29 2.6 0.17 (0.4%)
Feb 20 43.00 1.05 64 1.6 0.17 (0.4%)
10% Yield On AAAU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 43.00 0.75 29 2.6 0.17 (0.4%)
Feb 20 43.00 1.05 64 1.6 0.17 (0.4%)

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Want more examples? AAA Dividend | AAL Dividend