Shinhan Asset Management Announces Monthly Dividends for Palantir-related Covered Call ETFs
Shinhan Asset Management recently announced monthly dividend payments of 240 KRW and 150 KRW for their 'SOL Palantir Covered Call OTM Bond Mix' and 'SOL Palantir US Treasury Covered Call Mix' ETFs, respectively. These products aim to achieve both capital and dividend income by employing a covered call strategy based on Palantir's stock. Notably, the 'SOL Palantir Covered Call OTM Bond Mix' ETF holds the record for the highest dividend per share among locally listed covered call ETFs, resulting in rapid asset inflow.
The ETFs boast substantial annualized distribution rates, with the 'SOL Palantir Covered Call OTM Bond Mix' at 26.4% and the 'SOL Palantir US Treasury Covered Call Mix' at 16.64%. This investment approach profits from Palantir stock price increases and option sales. Investors can also benefit from a deferral of taxation, as these options are not subject to U.S. withholding tax, enhancing their appeal as an investment option for pension savings and retirement accounts.
Related News
Shinhan Asset Management to Pay 240 KRW Monthly Dividend per Share on Palantir Covered Call… Largest Among Covered CallsShinhan Asset Management announced on the 1st that it will provide a monthly dividend of 240 KRW and 150 KRW per share for the SOL Palantir Covered Call OTM Bond Mix and SOL Palantir U.S. Treasury Covered Call Mix ETFs, respectively. The annualized distribution rate amounts to 26.4% and 16.64%, respectively. The dividend is for investors who purchased the products by the 29th of last month, and the payment will be made on the first business day of August.
Shinhan Asset Management to Issue Monthly Dividends of 240 KRW per Share for Palantir Covered Call… Largest among Covered Calls - Money TodayShinhan Asset Management announced on the 1st that it will issue monthly dividends of 240 KRW per share for SOL Palantir Covered Call OTM Bond Mix and 150 KRW for SOL Palantir U.S. Treasury Covered Call Mix ETFs. The annualized distribution rates are 26.4% and 16.64%, respectively. The distribution is for investors who purchased the products by the 29th of last month, and the dividends will be paid on the first business day of August.
‘SOL Palantir Covered Call OTM Bond Mix’ Pays KRW 240 Monthly Dividend Per Share, Largest Among Covered Call ETFs - Maeil Business NewspaperShinhan Asset Management announced on the 1st that the ‘SOL Palantir Covered Call OTM Bond Mix’ and ‘SOL Palantir US Treasury Covered Call Mix’ ETFs will pay a monthly dividend of KRW 240 and KRW 150 per share, respectively. The annualized dividend yield reaches 26.4% and 16.64%, respectively. This is based on the closing price as of the day before ex-dividend (30th). Particularly, the SOL Palantir Covered Call OTM Bond Mix ETF is among the 43 listed covered call ETFs in Korea.
Shinhan Investment 'SOL Palantir Covered Call OTM Bond Mix' pays a monthly dividend of KRW 240 per share - EdailyShinhan Asset Management announced that the ‘SOL Palantir Covered Call OTM Bond Mix’ and ‘SOL Palantir US Treasury Covered Call Mix’ ETFs will pay monthly dividends of KRW 240 and KRW 150 per share, respectively. As of the day before the ex-dividend date, on the 30th of last month, the annualized distribution rates amounted to 26.4% and 16.64%, respectively. Shinhan...