VIOG Dividend Type Payments
Although VIOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P Small-Cap 600 Growth 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):
Vanguard S&P Small-Cap 600 Growth ETF (VIOG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
102.50 | 114.74 | 108.29 | +0.91 | 19K | - | 0.0B |
VIOG Dividend-Like Income Using Covered Calls
With VIOG at 108.29, 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% | 3.25 | 0.9 |
5% | 5.41 | 1.5 |
10% | 10.83 | 3.0 |
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 VIOG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 19 | 115.00 | 0.80 | 85 | 0.9 | 0.26 (0.2%) | |
Oct 18 | 115.00 | 2.60 | 176 | 1.5 | 0.26 (0.2%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | WOLF dividend | |
2. | HYG dividend | 7. | KWEB dividend | 2. | ENVX dividend | |
3. | QQQ dividend | 8. | SLV dividend | 3. | FSLY dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | NOVA dividend | |
5. | FXI dividend | 10. | NVDA dividend | 5. | COIN dividend |
Want more examples? VIG Dividend | VIOO Dividend