AVDV Dividend Type Payments
Although AVDV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Avantis International Small Cap Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:30 AM ET):
| Avantis International Small Cap Value ETF (AVDV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 78.66 | 78.77 | 78.68 | +0.47 | 50K | - | 0.0B |
AVDV Dividend-Like Income Using Covered Calls
With AVDV at 78.68, 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% | 2.36 | 0.6 |
| 5% | 3.93 | 1.1 |
| 10% | 7.87 | 2.2 |
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:
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | MDB dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | IOT dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | ALT dividend | |
| 4. | QQQ dividend | 9. | FXI dividend | 4. | DYN dividend | |
| 5. | GLD dividend | 10. | TLT dividend | 5. | UUUU dividend | |
Want more examples? AVDL Dividend | AVEM Dividend
