CWI Dividend Type Payments
Although CWI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR MSCI ACWI ex-US 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):
| SPDR MSCI ACWI ex-US ETF (CWI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 34.06 | 38.07 | 36.11 | +0.07 | 612K | - | 1.3B |
CWI Dividend-Like Income Using Covered Calls
With CWI at 36.11, 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% | 1.08 | 0.3 |
| 5% | 1.81 | 0.5 |
| 10% | 3.61 | 1.0 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | DAWN dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | IMRX dividend | |
| 3. | TLT dividend | 8. | NIO dividend | 3. | TMC dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | PGR dividend | |
| 5. | AAPL dividend | 10. | SPY dividend | 5. | RARE dividend | |
Want more examples? CWH Dividend | CWK Dividend
