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 |
| 83.11 |
86.50 |
84.98 |
+0.82 |
127K |
- |
1.1B |
ARGT Dividend-Like Income Using Covered Calls
With ARGT at 84.98, 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% |
2.55 |
0.7 |
| 5% |
4.25 |
1.2 |
| 10% |
8.50 |
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 ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
87.00 |
1.75 |
44 |
4.0 |
0.50 (0.6%) |
| Oct 17 |
87.00 |
3.90 |
107 |
3.6 |
0.50 (0.6%) |
| 5% Yield On ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
87.00 |
1.75 |
44 |
4.0 |
0.50 (0.6%) |
| Oct 17 |
87.00 |
3.90 |
107 |
3.6 |
0.50 (0.6%) |
| 10% Yield On ARGT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
87.00 |
1.75 |
44 |
4.0 |
0.50 (0.6%) |
| Oct 17 |
87.00 |
3.90 |
107 |
3.6 |
0.50 (0.6%) |
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