HEWJ Dividend Type Payments
Although HEWJ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Currency Hedged MSCI Japan ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:35 AM ET):
| iShares Currency Hedged MSCI Japan ETF (HEWJ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 41.85 | 41.88 | 41.86 | +0.05 | 33K | - | 0.8B |
HEWJ Dividend-Like Income Using Covered Calls
With HEWJ at 41.86, 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% | 1.26 | 0.3 |
| 5% | 2.09 | 0.6 |
| 10% | 4.19 | 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 HEWJ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 42.00 | 0.80 | 172 | 0.5 | 0.12 (0.3%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | QBTS dividend | |
| 2. | SPY dividend | 7. | INTC dividend | 2. | ASTS dividend | |
| 3. | FXI dividend | 8. | QQQ dividend | 3. | LUNR dividend | |
| 4. | EEM dividend | 9. | SLV dividend | 4. | ZETA dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | ZI dividend | |
Want more examples? HESM Dividend | HEZU Dividend
