IVOG Dividend Type Payments

Although IVOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P Mid-Cap 400 Growth ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
112.42	120.00	119.79	+2.19	30K	-	0.0B

IVOG Dividend-Like Income Using Covered Calls

With IVOG at 119.79, 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%	3.59	1.0
5%	5.99	1.6
10%	11.98	3.3

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 IVOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	120.00	2.90	87	3.3	0.00 (0.0%)
Jul 18	120.00	5.20	179	2.9	0.00 (0.0%)

5% Yield On IVOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	120.00	2.90	87	3.3	0.00 (0.0%)
Jul 18	120.00	5.20	179	2.9	0.00 (0.0%)

10% Yield On IVOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	120.00	2.90	87	3.3	0.00 (0.0%)
Feb 21	120.00	1.10	32	3.4	0.00 (0.0%)

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Want more examples? IVLU Dividend | IVOL Dividend