URA Dividend Type Payments

Global X Uranium ETF dividend

Although URA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Uranium ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Global X Uranium ETF (URA)
Bid Ask Last Change Volume P/E Market Cap
27.98 28.21 27.97 -0.08 2.2M - 2.6B

URA Dividend-Like Income Using Covered Calls

With URA at 27.97, 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% 0.84 0.2
5% 1.40 0.4
10% 2.80 0.8

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 URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 27 28.50 0.20 8 2.5 0.29 (1.0%)
Jan 3 28.50 0.30 15 2.0 0.29 (1.0%)
5% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 27 28.50 0.20 8 2.5 0.29 (1.0%)
Jan 3 28.50 0.30 15 2.0 0.29 (1.0%)
10% Yield On URA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 27 28.50 0.20 8 2.5 0.29 (1.0%)
Jan 3 28.50 0.30 15 2.0 0.29 (1.0%)

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