VLU Dividend Type Payments

Although VLU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P 1500 Value Tilt ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

SPDR S&P 1500 Value Tilt ETF (VLU)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
191.40	193.87	192.64	+1.84	3K	-	0.0B

VLU Dividend-Like Income Using Covered Calls

With VLU at 192.64, 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%	5.78	1.6
5%	9.63	2.6
10%	19.26	5.3

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 VLU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	193.00	1.95	47	2.3	0.00 (0.0%)
Dec 19	193.00	5.30	138	3.2	0.00 (0.0%)

5% Yield On VLU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	194.00	1.35	47	2.9	0.13 (0.1%)
Dec 19	193.00	5.30	138	3.2	0.00 (0.0%)

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Want more examples? VLRS Dividend | VLUE Dividend