SIL Dividend Type Payments

Although SIL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Silver Miners 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):

Global X Silver Miners ETF (SIL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
83.50	85.50	83.52	-1.99	4.2M	-	2.9B

SIL Dividend-Like Income Using Covered Calls

With SIL at 83.52, 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%	2.51	0.7
5%	4.18	1.1
10%	8.35	2.3

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 SIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	100.00	0.30	17	1.8	14.50 (17.4%)
Apr 17	100.00	5.00	108	4.6	14.50 (17.4%)

5% Yield On SIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	100.00	0.30	17	1.8	14.50 (17.4%)
Apr 17	100.00	5.00	108	4.6	14.50 (17.4%)

10% Yield On SIL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	86.00	2.60	17	15.3	0.50 (0.6%)
Apr 17	100.00	5.00	108	4.6	14.50 (17.4%)

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5.	SLV dividend	10.	NFLX dividend	5.	ONDS dividend

Want more examples? SIJ Dividend | SILJ Dividend