GOEX Dividend Type Payments

Although GOEX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Gold Explorers ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:05 AM ET):

Global X Gold Explorers ETF (GOEX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
32.69	32.85	32.45	+0.40	0K	-	0.0B

GOEX Dividend-Like Income Using Covered Calls

With GOEX at 32.45, 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%	0.97	0.3
5%	1.62	0.4
10%	3.25	0.9

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 GOEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	33.00	1.00	190	0.5	0.15 (0.5%)

5% Yield On GOEX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	33.00	1.00	190	0.5	0.15 (0.5%)

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Want more examples? GOEV Dividend | GOGL Dividend