SPVM Dividend Type Payments

Although SPVM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 Value with Momentum 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):

Invesco S&P 500 Value with Momentum ETF (SPVM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
64.88	65.85	65.33	+0.73	3K	-	0.1B

SPVM Dividend-Like Income Using Covered Calls

With SPVM at 65.33, 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%	1.96	0.5
5%	3.27	0.9
10%	6.53	1.8

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 SPVM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	66.00	1.75	190	0.9	0.15 (0.2%)
Feb 20	66.00	0.95	106	0.9	0.15 (0.2%)

5% Yield On SPVM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	66.00	1.75	190	0.9	0.15 (0.2%)
Feb 20	66.00	0.95	106	0.9	0.15 (0.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	ONDS dividend
2.	NVDA dividend	7.	ASST dividend	2.	NBIS dividend
3.	KVUE dividend	8.	INTC dividend	3.	OKLO dividend
4.	SLV dividend	9.	SPY dividend	4.	WULF dividend
5.	GLD dividend	10.	HYG dividend	5.	BE dividend

Want more examples? SPUU Dividend | SPVU Dividend