EWZS Dividend Type Payments

iShares MSCI Brazil Small-Cap ETF dividend

Although EWZS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Brazil 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 Thu 11:25 AM ET):

iShares MSCI Brazil Small-Cap ETF (EWZS)
Bid Ask Last Change Volume P/E Market Cap
11.55 11.58 11.52 +0.03 18K - 0.1B

EWZS Dividend-Like Income Using Covered Calls

With EWZS at 11.52, 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% 0.35 0.1
5% 0.58 0.2
10% 1.15 0.3

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 EWZS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 12.00 0.10 37 0.3 0.42 (3.6%)
Jan 17 12.00 0.10 65 0.2 0.42 (3.6%)
5% Yield On EWZS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 12.00 0.10 37 0.3 0.42 (3.6%)

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