VOYA Dividend Type Payments

Voya Financial, Inc dividend

Although VOYA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Voya Financial, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Voya Financial, Inc (VOYA)
Bid Ask Last Change Volume P/E Market Cap
48.30 50.50 48.32 -2.03 2.3M 10 7.3B

VOYA Dividend-Like Income Using Covered Calls

With VOYA at 48.32, here's a table showing how big the annual "dividend" (ie. 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% 1.45 0.4
5% 2.42 0.7
10% 4.83 1.3

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 VOYA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 55.00 0.25 57 0.4 4.50 (9.3%)
Aug 16 55.00 1.05 148 0.7 4.50 (9.3%)
5% Yield On VOYA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 55.00 1.05 148 0.7 4.50 (9.3%)
Nov 15 55.00 1.70 239 0.7 4.50 (9.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.ACB dividend
2.EEM dividend 7.AAPL dividend   2.ROKU dividend
3.SPX dividend 8.BMY dividend   3.BCRX dividend
4.QQQ dividend 9.IWM dividend   4.AMD dividend
5.FXI dividend 10.NIO dividend   5.NBEV dividend

Want more examples? VOXX Dividend | VPG Dividend