IDEV Dividend Type Payments
Although IDEV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core MSCI International Developed Markets ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| iShares Core MSCI International Developed Markets ETF (IDEV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 75.17 | 76.50 | 75.43 | +0.36 | 1.1M | - | 0.0B |
IDEV Dividend-Like Income Using Covered Calls
With IDEV at 75.43, 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% | 2.26 | 0.6 |
| 5% | 3.77 | 1.0 |
| 10% | 7.54 | 2.1 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | METC dividend | |
| 2. | SLV dividend | 7. | GLD dividend | 2. | CELC dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | APLD dividend | |
| 4. | TSLA dividend | 9. | QQQ dividend | 4. | ELV dividend | |
| 5. | AAPL dividend | 10. | AMZN dividend | 5. | SEDG dividend | |
Want more examples? IDCC Dividend | IDHQ Dividend
