VOOV Dividend Type Payments

Although VOOV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P 500 Value 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):

Vanguard S&P 500 Value ETF (VOOV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
166.00	168.50	167.96	-3.22	149K	-	0.0B

VOOV Dividend-Like Income Using Covered Calls

With VOOV at 167.96, 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%	5.04	1.4
5%	8.40	2.3
10%	16.80	4.6

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 VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	168.00	3.00	26	9.6	0.00 (0.0%)
Sep 19	168.00	8.20	152	5.1	0.00 (0.0%)

5% Yield On VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	168.00	3.00	26	9.6	0.00 (0.0%)
Sep 19	168.00	8.20	152	5.1	0.00 (0.0%)

10% Yield On VOOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	168.00	3.00	26	9.6	0.00 (0.0%)
Sep 19	168.00	8.20	152	5.1	0.00 (0.0%)

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Want more examples? VOOG Dividend | VOT Dividend