IUSV Dividend Type Payments
Although IUSV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P U.S. Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| iShares Core S&P U.S. Value ETF (IUSV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 97.62 | 99.07 | 98.36 | -0.50 | 795K | - | 18B |
IUSV Dividend-Like Income Using Covered Calls
With IUSV at 98.36, 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% | 2.95 | 0.8 |
| 5% | 4.92 | 1.3 |
| 10% | 9.84 | 2.7 |
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 IUSV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 99.00 | 1.60 | 186 | 0.8 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | QURE dividend | |
| 2. | SPY dividend | 7. | QQQ dividend | 2. | OPEN dividend | |
| 3. | PCG dividend | 8. | IWM dividend | 3. | LDI dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | MANU dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | CBRL dividend | |
Want more examples? IUSG Dividend | IVE Dividend
