SPYV Dividend Type Payments
Although SPYV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Series Trust SPDR Portfolio S&P 500 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 4:16 PM ET):
SPDR Series Trust SPDR Portfolio S&P 500 Value ETF (SPYV) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
52.05 | 53.73 | 52.82 | +0.37 | 1.9M | - | 0.4B |
SPYV Dividend-Like Income Using Covered Calls
With SPYV at 52.82, 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% | 1.58 | 0.4 |
5% | 2.64 | 0.7 |
10% | 5.28 | 1.4 |
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 SPYV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 54.00 | 0.35 | 38 | 0.9 | 0.27 (0.5%) | |
Dec 20 | 54.00 | 0.65 | 73 | 0.9 | 0.27 (0.5%) |
5% Yield On SPYV Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 54.00 | 0.35 | 38 | 0.9 | 0.27 (0.5%) | |
Dec 20 | 54.00 | 0.65 | 73 | 0.9 | 0.27 (0.5%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | WOLF dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | SERV dividend | |
3. | FXI dividend | 8. | SMCI dividend | 3. | FUTU dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | HUM dividend | |
5. | QQQ dividend | 10. | HYG dividend | 5. | AEHR dividend |
Want more examples? SPYG Dividend | SPYX Dividend