COPX Dividend Type Payments

Global X Copper Miners ETF dividend

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

Global X Copper Miners ETF (COPX)
Bid Ask Last Change Volume P/E Market Cap
39.18 40.90 39.27 -1.85 991K - 2.8B

COPX Dividend-Like Income Using Covered Calls

With COPX at 39.27, 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% 1.18 0.3
5% 1.96 0.5
10% 3.93 1.1

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 COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 41.00 1.25 56 2.2 0.10 (0.3%)
Oct 17 41.00 2.45 239 1.0 0.10 (0.3%)
5% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 41.00 1.25 56 2.2 0.10 (0.3%)
Oct 17 41.00 2.45 239 1.0 0.10 (0.3%)
10% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 41.00 1.25 56 2.2 0.10 (0.3%)
Jul 18 41.00 2.20 148 1.5 0.10 (0.3%)

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Want more examples? COP Dividend | COR Dividend