IVOV Dividend Type Payments

Although IVOV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard S&P Mid-Cap 400 Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:45 AM ET):

Vanguard S&P Mid-Cap 400 Value ETF (IVOV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
96.20	96.36	96.36	+0.20	7K	-	0.0B

IVOV Dividend-Like Income Using Covered Calls

With IVOV at 96.36, 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%	2.89	0.8
5%	4.82	1.3
10%	9.64	2.6

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 IVOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	96.00	1.80	53	2.7	0.00 (0.0%)
Oct 17	100.00	3.10	236	1.3	3.64 (3.8%)

5% Yield On IVOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	96.00	1.80	53	2.7	0.00 (0.0%)
Oct 17	96.00	5.20	236	2.1	0.00 (0.0%)

10% Yield On IVOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	96.00	1.80	53	2.7	0.00 (0.0%)
Mar 21	96.00	1.05	26	2.7	0.00 (0.0%)

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Want more examples? IVOO Dividend | IVR Dividend