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 Wed 2:15 PM ET):
Venture Global, Inc. Class A common stock (VG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
13.23 | 13.26 | 13.24 | +1.06 | 8.9M | - | 5.6B |
VG Dividend-Like Income Using Covered Calls
With VG at 13.24, 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% | 0.40 | 0.1 |
5% | 0.66 | 0.2 |
10% | 1.32 | 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 | |
Sep 5 | 13.50 | 0.10 | 24 | 0.4 | 0.24 (1.8%) | |
Sep 12 | 13.50 | 0.85 | 31 | 2.7 | 0.24 (1.8%) |
5% Yield On VG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 5 | 13.50 | 0.10 | 24 | 0.4 | 0.24 (1.8%) | |
Sep 12 | 13.50 | 0.85 | 31 | 2.7 | 0.24 (1.8%) |
10% Yield On VG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 5 | 13.50 | 0.10 | 24 | 0.4 | 0.24 (1.8%) | |
Sep 12 | 13.50 | 0.85 | 31 | 2.7 | 0.24 (1.8%) |
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Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IBIT dividend | 1. | AAP dividend | |
2. | SLV dividend | 7. | INTC dividend | 2. | SGML dividend | |
3. | SPY dividend | 8. | GLD dividend | 3. | CRML dividend | |
4. | TSLA dividend | 9. | AMZN dividend | 4. | DLO dividend | |
5. | IWM dividend | 10. | QQQ dividend | 5. | QUBT dividend |
Want more examples? VFH Dividend | VGIT Dividend