SPVU Dividend Type Payments
Although SPVU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 Enhanced Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:20 PM ET):
| Invesco S&P 500 Enhanced Value ETF (SPVU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 54.57 | 54.64 | 54.29 | +0.12 | 4K | - | 0.1B |
SPVU Dividend-Like Income Using Covered Calls
With SPVU at 54.29, 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% | 1.63 | 0.4 |
| 5% | 2.71 | 0.7 |
| 10% | 5.43 | 1.5 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | TTD dividend | |
| 2. | KVUE dividend | 7. | INTC dividend | 2. | ENVX dividend | |
| 3. | NVDA dividend | 8. | ASST dividend | 3. | SOUN dividend | |
| 4. | SLV dividend | 9. | HYG dividend | 4. | SG dividend | |
| 5. | GLD dividend | 10. | SPY dividend | 5. | LCID dividend | |
Want more examples? SPVM Dividend | SPWH Dividend
