ITOT Dividend Type Payments

Although ITOT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P Total U.S. Stock Market 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):

iShares Core S&P Total U.S. Stock Market ETF (ITOT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
148.65	148.98	148.74	-0.33	3.1M	-	4.4B

ITOT Dividend-Like Income Using Covered Calls

With ITOT at 148.74, 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%	4.46	1.2
5%	7.44	2.0
10%	14.87	4.1

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 ITOT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	150.00	1.25	33	3.8	1.02 (0.7%)
Apr 17	150.00	4.60	124	3.7	1.02 (0.7%)

5% Yield On ITOT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	150.00	1.25	33	3.8	1.02 (0.7%)
Apr 17	150.00	4.60	124	3.7	1.02 (0.7%)

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Want more examples? ITM Dividend | ITP Dividend