GSG Dividend Type Payments
Although GSG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares GSCI Commodity-Indexed Trust Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| iShares GSCI Commodity-Indexed Trust Fund (GSG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 22.00 | 33.36 | 22.23 | -0.15 | 392K | - | 1.0B |
GSG Dividend-Like Income Using Covered Calls
With GSG at 22.23, 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% | 0.67 | 0.2 |
| 5% | 1.11 | 0.3 |
| 10% | 2.22 | 0.6 |
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 Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | LFMD dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | MBX dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | SNAP dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | RIVN dividend | |
| 5. | IBIT dividend | 10. | AAPL dividend | 5. | BBIO dividend | |
Want more examples? GSEW Dividend | GSHD Dividend
