SCHG Dividend Type Payments

Although SCHG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Schwab U.S. Large-Cap Growth ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Schwab U.S. Large-Cap Growth ETF (SCHG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
90.25	90.83	88.85	-0.45	1.8M	-	23B

SCHG Dividend-Like Income Using Covered Calls

With SCHG at 88.85, 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%	2.67	0.7
5%	4.44	1.2
10%	8.89	2.4

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 SCHG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	91.00	0.75	58	1.3	0.17 (0.2%)
Jul 19	91.00	2.00	86	2.3	0.17 (0.2%)

5% Yield On SCHG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	91.00	0.75	58	1.3	0.17 (0.2%)
Jul 19	91.00	2.00	86	2.3	0.17 (0.2%)

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Want more examples? SCHF Dividend | SCHH Dividend