AVUV Dividend Type Payments

Although AVUV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Avantis U.S. Small Cap Value 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):

Avantis U.S. Small Cap Value ETF (AVUV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
101.10	103.50	101.23	+0.15	614K	-	0.0B

AVUV Dividend-Like Income Using Covered Calls

With AVUV at 101.23, 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%	3.04	0.8
5%	5.06	1.4
10%	10.12	2.8

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 AVUV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	105.00	0.60	33	1.8	1.50 (1.5%)
Jan 17	104.00	1.00	61	1.6	0.50 (0.5%)

5% Yield On AVUV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	105.00	0.60	33	1.8	1.50 (1.5%)
Jan 17	104.00	1.00	61	1.6	0.50 (0.5%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
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Want more examples? AVUS Dividend | AVXL Dividend