SPYV Dividend Type Payments

Although SPYV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR Portfolio S&P 500 Value 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):

State Street SPDR Portfolio S&P 500 Value ETF (SPYV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
59.45	59.54	59.45	+0.81	3.3M	-	0.4B

SPYV Dividend-Like Income Using Covered Calls

With SPYV at 59.45, 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%	1.78	0.5
5%	2.97	0.8
10%	5.95	1.6

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 SPYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	60.00	0.25	43	0.6	0.46 (0.8%)
Jun 18	60.00	1.10	133	0.8	0.46 (0.8%)

5% Yield On SPYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	60.00	1.10	133	0.8	0.46 (0.8%)
Sep 18	60.00	2.20	225	1.0	0.46 (0.8%)

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5.	GLD dividend	10.	INTC dividend	5.	QS dividend

Want more examples? SPYI Dividend | SPYX Dividend