AIQ Dividend Type Payments
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 Wed 4:16 PM ET):
| Global X Artificial Intelligence & Technology ETF (AIQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 52.08 | 53.00 | 52.28 | -0.36 | 2.6M | - | 4.2B |
AIQ Dividend-Like Income Using Covered Calls
With AIQ at 52.28, 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% | 1.57 | 0.4 |
| 5% | 2.61 | 0.7 |
| 10% | 5.23 | 1.4 |
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 | |
| May 15 | 53.00 | 2.20 | 122 | 1.8 | 0.00 (0.0%) | |
| Jan 16 | 53.00 | 0.10 | 3 | 3.3 | 0.00 (0.0%) | |
| 5% Yield On AIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 53.00 | 2.20 | 122 | 1.8 | 0.00 (0.0%) | |
| Jan 16 | 53.00 | 0.10 | 3 | 3.3 | 0.00 (0.0%) | |
| 10% Yield On AIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 53.00 | 2.20 | 122 | 1.8 | 0.00 (0.0%) | |
| Jan 16 | 53.00 | 0.10 | 3 | 3.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | CRVS dividend | |
| 2. | IBIT dividend | 7. | SPY dividend | 2. | WYFI dividend | |
| 3. | TLT dividend | 8. | NFLX dividend | 3. | OCUL dividend | |
| 4. | INTC dividend | 9. | QQQ dividend | 4. | TLRY dividend | |
| 5. | AAPL dividend | 10. | GLD dividend | 5. | METC dividend | |
Want more examples? AIN Dividend | AIR Dividend
