VALQ Dividend Type Payments
Although VALQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on American Century U.S. Quality Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:35 AM ET):
| American Century U.S. Quality Value ETF (VALQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 61.11 | 61.19 | 61.26 | -0.18 | 7K | - | 0.0B |
VALQ Dividend-Like Income Using Covered Calls
With VALQ at 61.26, 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% | 1.84 | 0.5 |
| 5% | 3.06 | 0.8 |
| 10% | 6.13 | 1.7 |
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:
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | IWM dividend | 2. | ALT dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | CELC dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | APLD dividend | |
| 5. | TLT dividend | 10. | QQQ dividend | 5. | IREN dividend | |
Want more examples? VALE Dividend | VAW Dividend
