VOT Dividend Type Payments

Although VOT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard Mid-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 Mon 4:16 PM ET):

Vanguard Mid-Cap Growth ETF (VOT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
223.72	227.80	227.80	-6.71	263K	-	5.0B

VOT Dividend-Like Income Using Covered Calls

With VOT at 227.80, 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%	6.83	1.9
5%	11.39	3.1
10%	22.78	6.2

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 VOT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	230.00	6.00	26	23.1	2.20 (1.0%)
Sep 19	230.00	16.00	152	10.5	2.20 (1.0%)

5% Yield On VOT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	230.00	6.00	26	23.1	2.20 (1.0%)
Sep 19	230.00	16.00	152	10.5	2.20 (1.0%)

10% Yield On VOT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	230.00	6.00	26	23.1	2.20 (1.0%)
Sep 19	230.00	16.00	152	10.5	2.20 (1.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	STLA dividend
2.	SPY dividend	7.	GLD dividend	2.	HOOD dividend
3.	TLT dividend	8.	FXI dividend	3.	VRT dividend
4.	SLV dividend	9.	TSLA dividend	4.	UPST dividend
5.	QQQ dividend	10.	KWEB dividend	5.	RIOT dividend

Want more examples? VOOV Dividend | VOX Dividend