ARGT Dividend Type Payments
Although ARGT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X MSCI Argentina ETF 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):
Global X MSCI Argentina ETF (ARGT) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
70.50 |
71.54 |
71.44 |
+1.19 |
134K |
- |
0.4B |
ARGT Dividend-Like Income Using Covered Calls
With ARGT at 71.44, 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% |
2.14 |
0.6 |
5% |
3.57 |
1.0 |
10% |
7.14 |
2.0 |
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 ARGT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
72.00 |
1.70 |
36 |
4.7 |
0.46 (0.6%) |
Oct 18 |
72.00 |
0.30 |
8 |
3.8 |
0.46 (0.6%) |
5% Yield On ARGT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
72.00 |
1.70 |
36 |
4.7 |
0.46 (0.6%) |
Oct 18 |
72.00 |
0.30 |
8 |
3.8 |
0.46 (0.6%) |
10% Yield On ARGT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
72.00 |
1.70 |
36 |
4.7 |
0.46 (0.6%) |
Oct 18 |
72.00 |
0.30 |
8 |
3.8 |
0.46 (0.6%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial