IXUS Dividend Type Payments

Although IXUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core MSCI Total International Stock ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:35 PM ET):

iShares Core MSCI Total International Stock ETF (IXUS)
Bid Ask Last Change Volume P/E Market Cap
67.74 67.75 67.74 -0.66 1.8M - 31B

IXUS Dividend-Like Income Using Covered Calls

With IXUS at 67.74, 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% 2.03 0.6
5% 3.39 0.9
10% 6.77 1.9

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 IXUS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 68.00 1.45 194 0.7 0.25 (0.4%)
May 16 68.00 1.25 103 1.2 0.25 (0.4%)
5% Yield On IXUS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 68.00 1.25 103 1.2 0.25 (0.4%)
Mar 21 68.00 0.55 47 1.2 0.25 (0.4%)

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Want more examples? IXP Dividend | IYC Dividend