VIV Dividend Type Payments
Although VIV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Telefonica Brasil S.A. American Depositary Shares (Each representing One to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:45 PM ET):
| Telefonica Brasil S.A. American Depositary Shares (Each representing One (VIV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.97 | 10.98 | 10.98 | +0.24 | 672K | 18 | 3.5B |
VIV Dividend-Like Income Using Covered Calls
With VIV at 10.98, 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% | 0.33 | 0.1 |
| 5% | 0.55 | 0.2 |
| 10% | 1.10 | 0.3 |
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 VIV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 12.50 | 0.15 | 159 | 0.1 | 1.52 (13.8%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | DYN dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | CAPR dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | ALT dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | GES dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | RUN dividend | |
Want more examples? VITL Dividend | VIXM Dividend
