IVW Dividend Type Payments

Although IVW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares S&P 500 Growth 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 S&P 500 Growth ETF (IVW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
117.44	117.94	117.70	-2.14	6.5M	-	45B

IVW Dividend-Like Income Using Covered Calls

With IVW at 117.70, 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%	3.53	1.0
5%	5.89	1.6
10%	11.77	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 IVW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	118.00	3.20	30	10.7	0.06 (0.1%)
Jan 16	120.00	3.40	58	5.9	2.06 (1.8%)

5% Yield On IVW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	118.00	3.20	30	10.7	0.06 (0.1%)
Jan 16	120.00	3.40	58	5.9	2.06 (1.8%)

10% Yield On IVW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	118.00	3.20	30	10.7	0.06 (0.1%)
Jan 16	120.00	3.40	58	5.9	2.06 (1.8%)

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5.	IBIT dividend	10.	TLT dividend	5.	VTYX dividend

Want more examples? IVV Dividend | IVZ Dividend