SPLV Dividend Type Payments

Although SPLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 Low Volatility ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:05 PM ET):

Invesco S&P 500 Low Volatility ETF (SPLV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
73.05	73.06	73.05	-0.07	1.2M	-	11B

SPLV Dividend-Like Income Using Covered Calls

With SPLV at 73.05, 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%	2.19	0.6
5%	3.65	1.0
10%	7.31	2.0

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 SPLV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	73.00	0.45	11	3.5	0.00 (0.0%)
Sep 19	73.00	1.05	46	2.2	0.00 (0.0%)

5% Yield On SPLV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	73.00	0.45	11	3.5	0.00 (0.0%)
Sep 19	73.00	1.05	46	2.2	0.00 (0.0%)

10% Yield On SPLV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	73.00	0.45	11	3.5	0.00 (0.0%)
Sep 19	73.00	1.05	46	2.2	0.00 (0.0%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
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5.	IBIT dividend	10.	AAPL dividend	5.	PCT dividend

Want more examples? SPLG Dividend | SPMB Dividend