AVEM Dividend Type Payments
Although AVEM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Avantis Emerging Markets Equity ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:55 AM ET):
Avantis Emerging Markets Equity ETF (AVEM) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
58.51 | 58.56 | 58.54 | +0.14 | 237K | - | 0.0B |
AVEM Dividend-Like Income Using Covered Calls
With AVEM at 58.54, 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% | 1.76 | 0.5 |
5% | 2.93 | 0.8 |
10% | 5.85 | 1.6 |
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 AVEM Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 59.00 | 1.00 | 121 | 0.8 | 0.44 (0.8%) |
5% Yield On AVEM Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 16 | 59.00 | 1.00 | 121 | 0.8 | 0.44 (0.8%) |
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Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | TSLA dividend | 1. | RCAT dividend | |
2. | SLV dividend | 7. | INTC dividend | 2. | SERV dividend | |
3. | SPY dividend | 8. | XLF dividend | 3. | AVXL dividend | |
4. | AAPL dividend | 9. | IWM dividend | 4. | QUBT dividend | |
5. | EEM dividend | 10. | TLT dividend | 5. | OZK dividend |
Want more examples? AVDV Dividend | AVGO Dividend