IUSG Dividend Type Payments
Although IUSG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P U.S. Growth 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):
| iShares Core S&P U.S. Growth ETF (IUSG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 141.05 | 149.00 | 141.80 | -1.20 | 533K | - | 20B |
IUSG Dividend-Like Income Using Covered Calls
With IUSG at 141.80, 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% | 4.25 | 1.2 |
| 5% | 7.09 | 1.9 |
| 10% | 14.18 | 3.9 |
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 IUSG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 149.00 | 3.70 | 229 | 1.6 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | LUMN dividend | |
| 2. | TLT dividend | 7. | SLV dividend | 2. | SNAP dividend | |
| 3. | SPY dividend | 8. | QQQ dividend | 3. | QUBT dividend | |
| 4. | IWM dividend | 9. | KWEB dividend | 4. | ENPH dividend | |
| 5. | FXI dividend | 10. | IBIT dividend | 5. | SYM dividend | |
Want more examples? IUSB Dividend | IUSV Dividend
