AIQ Dividend Type Payments

Global X Artificial Intelligence & Technology ETF dividend

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

Global X Artificial Intelligence & Technology ETF (AIQ)
Bid Ask Last Change Volume P/E Market Cap
44.00 44.40 44.00 +0.51 785K - 3.5B

AIQ Dividend-Like Income Using Covered Calls

With AIQ at 44.00, 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% 1.32 0.4
5% 2.20 0.6
10% 4.40 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 AIQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 45.00 0.50 44 1.1 0.60 (1.4%)
Jul 18 45.00 0.10 16 0.6 0.60 (1.4%)
5% Yield On AIQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 45.00 0.50 44 1.1 0.60 (1.4%)
Jul 18 45.00 0.10 16 0.6 0.60 (1.4%)

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