GURU Dividend Type Payments
Although GURU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Guru Index ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:30 AM ET):
| Global X Guru Index ETF (GURU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 50.67 | 50.82 | 50.64 | +0.23 | 1K | - | 0.0B |
GURU Dividend-Like Income Using Covered Calls
With GURU at 50.64, 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% | 1.52 | 0.4 |
| 5% | 2.53 | 0.7 |
| 10% | 5.06 | 1.4 |
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 GURU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 51.00 | 0.75 | 151 | 0.5 | 0.18 (0.4%) | |
| Jul 18 | 51.00 | 1.05 | 243 | 0.4 | 0.18 (0.4%) | |
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| Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
| 2. | SPY dividend | 7. | XLF dividend | 2. | CRVS dividend | |
| 3. | EEM dividend | 8. | KWEB dividend | 3. | ANAB dividend | |
| 4. | FXI dividend | 9. | TLT dividend | 4. | CLSK dividend | |
| 5. | IWM dividend | 10. | KRE dividend | 5. | APP dividend | |
Want more examples? GURE Dividend | GUSH Dividend
