IVV Dividend Type Payments

iShares Core S&P 500 ETF dividend

Although IVV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P 500 ETF 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):

iShares Core S&P 500 ETF (IVV)
Bid Ask Last Change Volume P/E Market Cap
604.47 604.55 604.66 -3.28 4.7M - 450B

IVV Dividend-Like Income Using Covered Calls

With IVV at 604.66, 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% 18.14 5.0
5% 30.23 8.3
10% 60.47 16.6

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 IVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 602.00 4.70 8 26.9 0.00 (0.0%)
Mar 7 602.00 12.30 36 27.1 0.00 (0.0%)
5% Yield On IVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 602.00 4.70 8 26.9 0.00 (0.0%)
Mar 7 602.00 12.30 36 27.1 0.00 (0.0%)
10% Yield On IVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 7 602.00 4.70 8 26.9 0.00 (0.0%)
Mar 7 602.00 12.30 36 27.1 0.00 (0.0%)

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Want more examples? IVR Dividend | IVW Dividend