ASHS Dividend Type Payments
Although ASHS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xtrackers Harvest CSI 500 China A-Shares Small Cap 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):
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
28.59 |
29.34 |
28.91 |
-0.47 |
115K |
- |
0.0B |
ASHS Dividend-Like Income Using Covered Calls
With ASHS at 28.91, 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% |
0.87 |
0.2 |
5% |
1.45 |
0.4 |
10% |
2.89 |
0.8 |
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 ASHS Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
30.00 |
1.60 |
36 |
4.4 |
0.66 (2.3%) |
Oct 18 |
30.00 |
0.80 |
8 |
10.0 |
0.66 (2.3%) |
5% Yield On ASHS Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
30.00 |
1.60 |
36 |
4.4 |
0.66 (2.3%) |
Oct 18 |
30.00 |
0.80 |
8 |
10.0 |
0.66 (2.3%) |
10% Yield On ASHS Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
30.00 |
1.60 |
36 |
4.4 |
0.66 (2.3%) |
Oct 18 |
30.00 |
0.80 |
8 |
10.0 |
0.66 (2.3%) |
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