Hanwha Asset Management Pays First Dividend for PLUS High Dividend Weekly Covered Call ETF
Hanwha Asset Management has paid the first dividend of 130 won per share for its PLUS High Dividend Weekly Covered Call ETF. This dividend translates to an annualized yield of 14.8%, showcasing a high return rate. The PLUS High Dividend Weekly Covered Call ETF combines investment in domestic dividend stocks with a strategy of selling KOSPI200 weekly call options to target high yields. Out of the distributed dividend, 8 won is subject to taxation, while the remaining amount is tax-free.
The ETF achieved a return rate of 3.11%, surpassing the KOSPI200 benchmark. This success is attributed to the Korean government’s policies and corporate governance improvements in domestic companies. While dividend income tax is 15.4%, the cash premium from selling call options is tax-exempt, benefiting investors. This dividend payment offers stable returns to investors while also providing tax advantages, enhancing its investment appeal.
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Hanwha Asset Management Pays First Dividend of 130 KRW per Share for 'PLUS High Dividend Weekly Covered Call' ETF - Yonhap InfomaxHanwha Asset Management announced on the 4th that it has paid the first dividend for the 'PLUS High Dividend Weekly Covered Call' Exchange Traded Fund (ETF). The dividend is 130 KRW per share, with a distribution rate of 1.23% (based on the closing price of August 28th), equivalent to an annualized rate of 14.8%. The 'PLUS High Dividend Weekly Covered Call' ETF invests in the same underlying assets as the domestic high dividend stocks ETF 'PLUS High Dividend,' while combining a strategy of weekly call option selling on the KOSPI200. Out of the 130 KRW dividend, 8 KRW is taxable. The source of the dividend consists of dividend income from the constituent stocks and cash premiums obtained from weekly call option selling.
Optimal ETF for Box-Range KOSPI… PLUS High Dividend Covered Call Distribution Payment - Korea Economic DailyOptimal ETF for Box-Range KOSPI… PLUS High Dividend Covered Call Distribution Payment, Distribution Rate Annualized at 14.8%
Hanwha Asset Management Pays First Distribution for 'PLUS High Dividend Weekly Covered Call' ETF - Yonhap News(Seoul=Yonhap News) Reporter Kwak Yuna: Hanwha Asset Management announced on the 4th that it has paid the first distribution for 'PLUS High Dividend Weekly Covered Call' ETF.