VG Dividend Type Payments
Although VG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Venture Global, Inc. Class A common stock 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):
| Venture Global, Inc. Class A common stock (VG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.54 | 15.69 | 15.69 | -1.08 | 4.7M | - | 7.6B |
VG Dividend-Like Income Using Covered Calls
With VG at 15.69, 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% | 0.47 | 0.1 |
| 5% | 0.78 | 0.2 |
| 10% | 1.57 | 0.4 |
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 VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 17.00 | 0.20 | 36 | 0.6 | 1.31 (8.3%) | |
| Jul 3 | 16.00 | 0.25 | 7 | 3.6 | 0.31 (2.0%) | |
| 5% Yield On VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 17.00 | 0.20 | 36 | 0.6 | 1.31 (8.3%) | |
| Jul 3 | 16.00 | 0.25 | 7 | 3.6 | 0.31 (2.0%) | |
| 10% Yield On VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 17.00 | 0.20 | 36 | 0.6 | 1.31 (8.3%) | |
| Jul 3 | 16.00 | 0.25 | 7 | 3.6 | 0.31 (2.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | ENPH dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | SERV dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | CRWV dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | RCAT dividend | |
Want more examples? VFH Dividend | VGIT Dividend
