IXN Dividend Type Payments
Although IXN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Global Tech 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 Global Tech ETF (IXN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 92.38 | 99.29 | 94.84 | -0.72 | 245K | - | 8.7B |
IXN Dividend-Like Income Using Covered Calls
With IXN at 94.84, 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% | 2.85 | 0.8 |
| 5% | 4.74 | 1.3 |
| 10% | 9.48 | 2.6 |
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 IXN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 99.00 | 2.10 | 213 | 0.8 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | BHVN dividend | |
| 4. | SPY dividend | 9. | IBIT dividend | 4. | SBET dividend | |
| 5. | EEM dividend | 10. | INTC dividend | 5. | DNTH dividend | |
Want more examples? IXJ Dividend | IXP Dividend
