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 Tue 4:16 PM ET):

Global X Copper Miners ETF (COPX)
Bid Ask Last Change Volume P/E Market Cap
42.45 43.93 42.90 +0.72 1.1M - 2.3B

COPX Dividend-Like Income Using Covered Calls

With COPX at 42.90, 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% 1.29 0.4
5% 2.15 0.6
10% 4.29 1.2

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
Dec 20 44.00 1.25 32 3.9 0.07 (0.2%)
Jan 17 44.00 1.60 60 2.7 0.07 (0.2%)
5% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 44.00 1.25 32 3.9 0.07 (0.2%)
Jan 17 44.00 1.60 60 2.7 0.07 (0.2%)
10% Yield On COPX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 44.00 1.25 32 3.9 0.07 (0.2%)
Jan 17 44.00 1.60 60 2.7 0.07 (0.2%)

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Want more examples? COP Dividend | COR Dividend