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 Thu 4:16 PM ET):

iShares Core S&P 500 ETF (IVV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
655.27	655.34	655.77	-10.18	8.3M	-	493B

IVV Dividend-Like Income Using Covered Calls

With IVV at 655.77, 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%	19.67	5.4
5%	32.79	9.0
10%	65.58	18.0

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
Dec 5	653.00	13.40	16	69.1	0.00 (0.0%)
Dec 12	653.00	15.10	23	55.5	0.00 (0.0%)

5% Yield On IVV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	653.00	13.40	16	69.1	0.00 (0.0%)
Dec 12	653.00	15.10	23	55.5	0.00 (0.0%)

10% Yield On IVV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	653.00	13.40	16	69.1	0.00 (0.0%)
Dec 12	653.00	15.10	23	55.5	0.00 (0.0%)

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

Want more examples? IVR Dividend | IVW Dividend