RE:RE:RE:How sustainable is this dividend?Franman - can you not read. Yes the underlying companies pay 5%, the fact ZWU is returning over 70% of their payout as a return of your own money means they are losing their azz on the covered call program. They aren't even paying out the base dividend, they are using part of it to cover losses on the covered calls.
Franman184 wrote: The underlying companies pay about 5 percent and the extra income comes from the covered call. If we have volitiltiy the covered call showed be good as well. Should the underlying companies go up in price over the next few years you will probally miss out on some of the stock appreciation. I like this as a retirement income.