IVOG Dividend Type Payments

Vanguard S&P Mid-Cap 400 Growth ETF dividend

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 Fri 12:00 PM ET):

Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)
Bid Ask Last Change Volume P/E Market Cap
116.24 116.62 115.64 +1.74 4K - 0.0B

IVOG Dividend-Like Income Using Covered Calls

With IVOG at 115.64, 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% 3.47 1.0
5% 5.78 1.6
10% 11.56 3.2

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 IVOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 117.00 1.35 29 4.7 0.38 (0.3%)
Jan 16 117.00 1.75 57 3.1 0.38 (0.3%)
5% Yield On IVOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 117.00 1.35 29 4.7 0.38 (0.3%)
Jan 16 117.00 1.75 57 3.1 0.38 (0.3%)
10% Yield On IVOG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 117.00 1.35 29 4.7 0.38 (0.3%)

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.JANX dividend
5.QQQ dividend 10.NFLX dividend   5.FRPT dividend

Want more examples? IVLU Dividend | IVOL Dividend