FDVV Dividend Type Payments
Although FDVV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Fidelity High Dividend ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:20 PM ET):
| Fidelity High Dividend ETF (FDVV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 49.62 | 49.65 | 49.64 | -0.35 | 1.5M | - | 0.0B |
FDVV Dividend-Like Income Using Covered Calls
With FDVV at 49.64, 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% | 1.49 | 0.4 |
| 5% | 2.48 | 0.7 |
| 10% | 4.96 | 1.4 |
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 FDVV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 51.00 | 0.25 | 38 | 0.7 | 1.35 (2.7%) | |
| Mar 21 | 51.00 | 0.05 | 11 | 0.5 | 1.35 (2.7%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | DG dividend | |
| 2. | SPY dividend | 7. | KWEB dividend | 2. | RDDT dividend | |
| 3. | IWM dividend | 8. | INTC dividend | 3. | S dividend | |
| 4. | FXI dividend | 9. | TSLA dividend | 4. | WOLF dividend | |
| 5. | EEM dividend | 10. | SLV dividend | 5. | OKLO dividend | |
Want more examples? FDV Dividend | FDX Dividend
