BOTZ Dividend Type Payments

Although BOTZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Robotics & Artificial Intelligence 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 Robotics & Artificial Intelligence ETF (BOTZ)
Bid Ask Last Change Volume P/E Market Cap
29.33 29.60 29.34 -0.15 423K - 2.5B

BOTZ Dividend-Like Income Using Covered Calls

With BOTZ at 29.34, 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% 0.88 0.2
5% 1.47 0.4
10% 2.93 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 BOTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 30.00 0.15 8 1.9 0.40 (1.4%)
Sep 19 30.00 1.60 134 1.2 0.40 (1.4%)
5% Yield On BOTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 30.00 0.15 8 1.9 0.40 (1.4%)
Sep 19 30.00 1.60 134 1.2 0.40 (1.4%)
10% Yield On BOTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 30.00 0.15 8 1.9 0.40 (1.4%)
Sep 19 30.00 1.60 134 1.2 0.40 (1.4%)

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Want more examples? BOOT Dividend | BOUT Dividend