GXC Dividend Type Payments

Although GXC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P China ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:50 AM ET):

SPDR S&P China ETF (GXC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
98.06	98.33	98.33	+0.87	2K	-	1.2B

GXC Dividend-Like Income Using Covered Calls

With GXC at 98.33, 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%	2.95	0.8
5%	4.92	1.3
10%	9.83	2.7

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 GXC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	100.00	1.00	93	1.1	1.67 (1.7%)

5% Yield On GXC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	98.00	2.00	93	1.8	0.00 (0.0%)

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Want more examples? GWX Dividend | GYLD Dividend