ASHS Dividend Type Payments
Although ASHS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Xtrackers Harvest CSI 500 China A-Shares 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 Wed 4:16 PM ET):
| Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 24.60 | 29.82 | 27.15 | -0.16 | 5K | - | 0.0B |
ASHS Dividend-Like Income Using Covered Calls
With ASHS at 27.15, 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% | 0.81 | 0.2 |
| 5% | 1.36 | 0.4 |
| 10% | 2.72 | 0.7 |
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:
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ALLY dividend | |
| 2. | SPY dividend | 7. | SLV dividend | 2. | WOW dividend | |
| 3. | QQQ dividend | 8. | NIO dividend | 3. | HOOD dividend | |
| 4. | ASHR dividend | 9. | TLT dividend | 4. | TMDX dividend | |
| 5. | IWM dividend | 10. | EEM dividend | 5. | STLA dividend | |
Want more examples? ASHR Dividend | ASIA Dividend
