VOOV Dividend Type Payments
Although VOOV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P 500 Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):
Vanguard S&P 500 Value ETF (VOOV) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
190.03 | 190.15 | 190.06 | +0.17 | 19K | - | 0.0B |
VOOV Dividend-Like Income Using Covered Calls
With VOOV at 190.06, 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% | 5.70 | 1.6 |
5% | 9.50 | 2.6 |
10% | 19.01 | 5.2 |
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 VOOV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 190.00 | 2.05 | 30 | 6.3 | 0.00 (0.0%) | |
Sep 19 | 190.00 | 3.90 | 65 | 5.8 | 0.00 (0.0%) |
5% Yield On VOOV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 190.00 | 2.05 | 30 | 6.3 | 0.00 (0.0%) | |
Sep 19 | 190.00 | 3.90 | 65 | 5.8 | 0.00 (0.0%) |
10% Yield On VOOV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 190.00 | 2.05 | 30 | 6.3 | 0.00 (0.0%) | |
Sep 19 | 190.00 | 3.90 | 65 | 5.8 | 0.00 (0.0%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | AUPH dividend | |
2. | SLV dividend | 7. | GLD dividend | 2. | CELC dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | PRAX dividend | |
4. | TSLA dividend | 9. | QQQ dividend | 4. | LMND dividend | |
5. | AAPL dividend | 10. | AMZN dividend | 5. | ALB dividend |
Want more examples? VOOG Dividend | VOT Dividend