PICK Dividend Type Payments

Although PICK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI Global Metals & Mining Producers ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:30 PM ET):

iShares MSCI Global Metals & Mining Producers ETF (PICK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
39.13	39.24	39.20	+0.01	51K	-	0.4B

PICK Dividend-Like Income Using Covered Calls

With PICK at 39.20, 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%	1.18	0.3
5%	1.96	0.5
10%	3.92	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 PICK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	40.00	0.10	31	0.3	0.76 (1.9%)
Jan 17	40.00	0.55	59	0.9	0.76 (1.9%)

5% Yield On PICK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	40.00	0.55	59	0.9	0.76 (1.9%)

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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.	TLT dividend	3.	APLT dividend
4.	FXI dividend	9.	KWEB dividend	4.	ANAB dividend
5.	IWM dividend	10.	AAPL dividend	5.	CLSK dividend

Want more examples? PICB Dividend | PID Dividend