COPX Dividend Type Payments

Global X Copper Miners ETF dividend

Although COPX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Copper Miners 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 Copper Miners ETF (COPX)
Bid Ask Last Change Volume P/E Market Cap
60.30 62.74 61.11 -1.51 2.0M - 4.2B

COPX Dividend-Like Income Using Covered Calls

With COPX at 61.11, 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% 1.83 0.5
5% 3.06 0.8
10% 6.11 1.7

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 COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 63.00 2.05 64 3.2 0.26 (0.4%)
Nov 21 63.00 2.00 36 5.6 0.26 (0.4%)
5% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 63.00 2.05 64 3.2 0.26 (0.4%)
Nov 21 63.00 2.00 36 5.6 0.26 (0.4%)
10% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 63.00 2.05 64 3.2 0.26 (0.4%)
Nov 21 63.00 2.00 36 5.6 0.26 (0.4%)

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Want more examples? COP Dividend | COR Dividend