SCHG Dividend Type Payments

Although SCHG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Schwab U.S. Large-Cap Growth 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):

Schwab U.S. Large-Cap Growth ETF (SCHG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
28.12	28.26	28.11	-0.56	8.9M	-	29B

SCHG Dividend-Like Income Using Covered Calls

With SCHG at 28.11, 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%	0.84	0.2
5%	1.41	0.4
10%	2.81	0.8

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 SCHG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	28.75	0.05	11	0.5	0.49 (1.7%)
Apr 17	28.75	0.55	101	0.5	0.49 (1.7%)

5% Yield On SCHG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	28.75	0.05	11	0.5	0.49 (1.7%)
Apr 17	28.75	0.55	101	0.5	0.49 (1.7%)

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Want more examples? SCHF Dividend | SCHH Dividend