GMF Dividend Type Payments
Although GMF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P Emerging Asia Pacific ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:00 PM ET):
| SPDR S&P Emerging Asia Pacific ETF (GMF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 116.42 | 116.53 | 116.41 | +0.58 | 5K | - | 0.6B |
GMF Dividend-Like Income Using Covered Calls
With GMF at 116.41, 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% | 3.49 | 1.0 |
| 5% | 5.82 | 1.6 |
| 10% | 11.64 | 3.2 |
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 GMF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 116.00 | 4.00 | 234 | 1.5 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | OKLO dividend | |
| 2. | SPY dividend | 7. | NIO dividend | 2. | UPST dividend | |
| 3. | SLV dividend | 8. | EEM dividend | 3. | ELF dividend | |
| 4. | ASHR dividend | 9. | TLT dividend | 4. | U dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | IREN dividend | |
Want more examples? GMED Dividend | GMRE Dividend
