GLDW Dividend Type Payments
Although GLDW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Roundhill Gold WeeklyPay ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:25 AM ET):
| Roundhill Gold WeeklyPay ETF (GLDW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 54.25 | 54.42 | 54.32 | +0.11 | 6K | - | 0.0B |
GLDW Dividend-Like Income Using Covered Calls
With GLDW at 54.32, 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% | 1.63 | 0.4 |
| 5% | 2.72 | 0.7 |
| 10% | 5.43 | 1.5 |
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:
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | LUNR dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | ALT dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | BE dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | TMC dividend | |
Want more examples? GLDM Dividend | GLIN Dividend
