IVV Dividend Type Payments

Although IVV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core S&P 500 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):

iShares Core S&P 500 ETF (IVV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
681.19	681.24	680.60	-14.06	8.5M	-	514B

IVV Dividend-Like Income Using Covered Calls

With IVV at 680.60, 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%	20.42	5.6
5%	34.03	9.3
10%	68.06	18.6

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 IVV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 6	678.00	11.80	18	47.6	0.00 (0.0%)
Feb 13	678.00	12.80	25	38.2	0.00 (0.0%)

5% Yield On IVV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 6	678.00	11.80	18	47.6	0.00 (0.0%)
Feb 13	678.00	12.80	25	38.2	0.00 (0.0%)

10% Yield On IVV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 6	678.00	11.80	18	47.6	0.00 (0.0%)
Feb 13	678.00	12.80	25	38.2	0.00 (0.0%)

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Want more examples? IVR Dividend | IVW Dividend