URA Dividend Type Payments

Global X Uranium ETF dividend

Although URA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Uranium ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Global X Uranium ETF (URA)
Bid Ask Last Change Volume P/E Market Cap
28.00 28.10 28.01 +0.20 2.3M - 3.4B

URA Dividend-Like Income Using Covered Calls

With URA at 28.01, 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% 0.84 0.2
5% 1.40 0.4
10% 2.80 0.8

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 URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 6 28.00 0.75 18 3.6 0.00 (0.0%)
Jun 13 28.00 0.90 25 3.2 0.00 (0.0%)
5% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 6 28.00 0.75 18 3.6 0.00 (0.0%)
Jun 13 28.00 0.90 25 3.2 0.00 (0.0%)
10% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 6 28.00 0.75 18 3.6 0.00 (0.0%)
Jun 13 28.00 0.90 25 3.2 0.00 (0.0%)

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Top 10 Open Interest For Jun 20 Expiration     Top 5 High Yield
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3.SLV dividend 8.FXI dividend   3.ZIM dividend
4.QQQ dividend 9.TSLA dividend   4.NBIS dividend
5.EEM dividend 10.XLF dividend   5.KALV dividend

Want more examples? UPWK Dividend | URBN Dividend