DNL Dividend Type Payments
Although DNL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WisdomTree Global ex-US Quality Dividend Growth Fund 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):
| WisdomTree Global ex-US Quality Dividend Growth Fund (DNL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 33.91 | 41.11 | 37.61 | +0.37 | 32K | - | 0.6B |
DNL Dividend-Like Income Using Covered Calls
With DNL at 37.61, 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% | 1.13 | 0.3 |
| 5% | 1.88 | 0.5 |
| 10% | 3.76 | 1.0 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SYM dividend | |
| 2. | TLT dividend | 7. | QQQ dividend | 2. | BILL dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | AFRM dividend | |
| 4. | IWM dividend | 9. | GLD dividend | 4. | NET dividend | |
| 5. | FXI dividend | 10. | KWEB dividend | 5. | PINS dividend | |
Want more examples? DNB Dividend | DNLI Dividend
