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 Fri 4:16 PM ET):

SPDR S&P China ETF (GXC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
87.01	88.80	87.84	-0.07	5K	-	1.1B

GXC Dividend-Like Income Using Covered Calls

With GXC at 87.84, 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%	2.64	0.7
5%	4.39	1.2
10%	8.78	2.4

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
Aug 15	89.00	0.85	36	2.4	0.20 (0.2%)
Sep 19	90.00	1.35	71	1.9	1.20 (1.4%)

5% Yield On GXC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	89.00	0.85	36	2.4	0.20 (0.2%)
Sep 19	90.00	1.35	71	1.9	1.20 (1.4%)

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Want more examples? GWX Dividend | GXG Dividend