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 Wed 4:16 PM ET):

Global X Copper Miners ETF (COPX)
Bid Ask Last Change Volume P/E Market Cap
67.57 68.00 67.47 +2.82 6.3M - 4.3B

COPX Dividend-Like Income Using Covered Calls

With COPX at 67.47, 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% 2.02 0.6
5% 3.37 0.9
10% 6.75 1.8

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 COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 68.00 1.65 17 9.7 0.00 (0.0%)
Jan 16 70.00 2.20 45 4.9 2.00 (3.0%)
5% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 68.00 1.65 17 9.7 0.00 (0.0%)
Jan 16 70.00 2.20 45 4.9 2.00 (3.0%)
10% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 68.00 1.65 17 9.7 0.00 (0.0%)
Jan 16 70.00 2.20 45 4.9 2.00 (3.0%)

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Want more examples? COP Dividend | COR Dividend