SCZ Dividend Type Payments
Although SCZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI EAFE Small-Cap 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):
iShares MSCI EAFE Small-Cap ETF (SCZ) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
65.00 | 70.00 | 67.67 | -0.50 | 678K | - | 11B |
SCZ Dividend-Like Income Using Covered Calls
With SCZ at 67.67, 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% | 2.03 | 0.6 |
5% | 3.38 | 0.9 |
10% | 6.77 | 1.9 |
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 SCZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 21 | 70.00 | 1.40 | 176 | 0.8 | 0.00 (0.0%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | ASTS dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | APLD dividend | |
3. | FXI dividend | 8. | HYG dividend | 3. | HUT dividend | |
4. | SPY dividend | 9. | TLT dividend | 4. | CLSK dividend | |
5. | EEM dividend | 10. | GLD dividend | 5. | CPRI dividend |
Want more examples? SCYX Dividend | SD Dividend