IVOG Dividend Type Payments

Vanguard S&P Mid-Cap 400 Growth ETF dividend

Although IVOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P Mid-Cap 400 Growth 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):

Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)
Bid Ask Last Change Volume P/E Market Cap
113.53 118.00 114.76 -1.12 14K - 0.0B

IVOG Dividend-Like Income Using Covered Calls

With IVOG at 114.76, 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% 3.44 0.9
5% 5.74 1.6
10% 11.48 3.1

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 IVOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 118.00 1.75 99 1.8 0.00 (0.0%)
Jan 16 118.00 3.30 190 1.7 0.00 (0.0%)
5% Yield On IVOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 118.00 1.75 99 1.8 0.00 (0.0%)
Jan 16 118.00 3.30 190 1.7 0.00 (0.0%)

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