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%)

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Want more examples? VOOG Dividend | VOT Dividend