IVE Dividend Type Payments

iShares S&P 500 Value ETF dividend

Although IVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares 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 Fri 3:05 PM ET):

iShares S&P 500 Value ETF (IVE)
Bid Ask Last Change Volume P/E Market Cap
206.77 206.78 206.72 +3.46 2.0M - 14B

IVE Dividend-Like Income Using Covered Calls

With IVE at 206.72, 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% 6.20 1.7
5% 10.34 2.8
10% 20.67 5.7

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 IVE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 210.00 1.30 29 4.5 3.22 (1.6%)
Jan 16 210.00 1.85 57 3.2 3.22 (1.6%)
5% Yield On IVE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 210.00 1.30 29 4.5 3.22 (1.6%)
Jan 16 210.00 1.85 57 3.2 3.22 (1.6%)

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

 
 
Top 10 Open Interest For Dec 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.RZLT dividend
2.IWM dividend 7.SLV dividend   2.IMNM dividend
3.SPY dividend 8.TLT dividend   3.VTYX dividend
4.IBIT dividend 9.GLD dividend   4.PHAT dividend
5.QQQ dividend 10.NFLX dividend   5.JANX dividend

Want more examples? IUSV Dividend | IVES Dividend