FLJP Dividend Type Payments
Although FLJP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Franklin FTSE Japan ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:55 PM ET):
| Franklin FTSE Japan ETF (FLJP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 35.26 | 35.27 | 35.27 | -0.08 | 429K | - | 0.0B |
FLJP Dividend-Like Income Using Covered Calls
With FLJP at 35.27, 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% | 1.06 | 0.3 |
| 5% | 1.76 | 0.5 |
| 10% | 3.53 | 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:
| 3% Yield On FLJP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 36.00 | 0.25 | 31 | 0.8 | 0.73 (2.1%) | |
| 5% Yield On FLJP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 36.00 | 0.25 | 31 | 0.8 | 0.73 (2.1%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | INBX dividend | |
| 2. | KVUE dividend | 7. | HYG dividend | 2. | BHVN dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | UUUU dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | NVTS dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | CIFR dividend | |
Want more examples? FLJH Dividend | FLKR Dividend
