SPVM Dividend Type Payments

Although SPVM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 Value with Momentum ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:20 PM ET):

Invesco S&P 500 Value with Momentum ETF (SPVM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
65.01	65.05	65.05	+0.77	2K	-	0.1B

SPVM Dividend-Like Income Using Covered Calls

With SPVM at 65.05, 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%	1.95	0.5
5%	3.25	0.9
10%	6.51	1.8

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 SPVM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	65.00	0.50	45	1.0	0.00 (0.0%)
May 15	65.00	2.10	192	1.1	0.00 (0.0%)

5% Yield On SPVM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	65.00	0.50	45	1.0	0.00 (0.0%)
May 15	65.00	2.10	192	1.1	0.00 (0.0%)

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Want more examples? SPUU Dividend | SPVU Dividend