ARGT Dividend Type Payments
Although ARGT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X MSCI Argentina ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Global X MSCI Argentina ETF (ARGT) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 90.00 |
93.78 |
91.31 |
-0.50 |
380K |
- |
1.2B |
ARGT Dividend-Like Income Using Covered Calls
With ARGT at 91.31, 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% |
2.74 |
0.8 |
| 5% |
4.57 |
1.3 |
| 10% |
9.13 |
2.5 |
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 ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
100.00 |
1.25 |
51 |
2.5 |
6.22 (6.8%) |
| Nov 21 |
100.00 |
0.75 |
23 |
3.3 |
6.22 (6.8%) |
| 5% Yield On ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
100.00 |
1.25 |
51 |
2.5 |
6.22 (6.8%) |
| Nov 21 |
100.00 |
0.75 |
23 |
3.3 |
6.22 (6.8%) |
| 10% Yield On ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
94.00 |
3.50 |
51 |
6.9 |
0.22 (0.2%) |
| Nov 21 |
100.00 |
0.75 |
23 |
3.3 |
6.22 (6.8%) |
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