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 Wed 11:00 AM ET):

iShares GSCI Commodity-Indexed Trust Fund (GSG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.27	23.28	23.26	+0.09	262K	-	1.0B

GSG Dividend-Like Income Using Covered Calls

With GSG at 23.26, 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%	0.70	0.2
5%	1.16	0.3
10%	2.33	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:

3% Yield On GSG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	24.00	0.25	45	0.6	0.72 (3.1%)
Nov 21	24.00	0.05	17	0.3	0.72 (3.1%)

5% Yield On GSG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	24.00	0.25	45	0.6	0.72 (3.1%)
Jan 16	24.00	0.40	73	0.5	0.72 (3.1%)

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Want more examples? GSEW Dividend | GSHD Dividend