IXUS Dividend Type Payments
Although IXUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core MSCI Total International Stock 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 Total International Stock ETF (IXUS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
77.91 | 81.00 | 79.94 | +0.10 | 987K | - | 36B |
IXUS Dividend-Like Income Using Covered Calls
With IXUS at 79.94, 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% | 2.40 | 0.7 |
5% | 4.00 | 1.1 |
10% | 7.99 | 2.2 |
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 IXUS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 81.00 | 0.80 | 59 | 1.4 | 0.00 (0.0%) | |
Nov 21 | 81.00 | 1.70 | 94 | 1.8 | 0.00 (0.0%) |
5% Yield On IXUS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 81.00 | 0.80 | 59 | 1.4 | 0.00 (0.0%) | |
Nov 21 | 81.00 | 1.70 | 94 | 1.8 | 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? IXP Dividend | IYC Dividend