KBA Dividend Type Payments
Although KBA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on KraneShares Bosera MSCI China A 50 Connect Index ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:15 PM ET):
KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
24.40 | 24.42 | 24.41 | -0.10 | 38K | - | 0.0B |
KBA Dividend-Like Income Using Covered Calls
With KBA at 24.41, 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% | 0.73 | 0.2 |
5% | 1.22 | 0.3 |
10% | 2.44 | 0.7 |
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 KBA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 25.00 | 0.20 | 32 | 0.6 | 0.58 (2.4%) | |
Mar 21 | 30.00 | 0.30 | 123 | 0.2 | 5.58 (22.9%) |
5% Yield On KBA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 25.00 | 0.20 | 32 | 0.6 | 0.58 (2.4%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
2. | SPY dividend | 7. | XLF dividend | 2. | HUT dividend | |
3. | EEM dividend | 8. | KWEB dividend | 3. | CRVS dividend | |
4. | FXI dividend | 9. | TLT dividend | 4. | ANAB dividend | |
5. | IWM dividend | 10. | AAPL dividend | 5. | CLSK dividend |
Want more examples? KB Dividend | KBE Dividend