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 Tue 3:15 PM ET):

Vanguard S&P 500 Value ETF (VOOV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
183.67	183.72	183.69	-0.11	100K	-	0.0B

VOOV Dividend-Like Income Using Covered Calls

With VOOV at 183.69, 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%	5.51	1.5
5%	9.18	2.5
10%	18.37	5.0

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 VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	184.00	0.60	4	15.0	0.28 (0.2%)
Sep 19	183.00	5.90	130	4.0	0.00 (0.0%)

5% Yield On VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	184.00	0.60	4	15.0	0.28 (0.2%)
Sep 19	183.00	5.90	130	4.0	0.00 (0.0%)

10% Yield On VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	184.00	0.60	4	15.0	0.28 (0.2%)
Jun 20	183.00	2.90	39	5.6	0.00 (0.0%)

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Want more examples? VOOG Dividend | VOT Dividend