VG Dividend Type Payments
Although VG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Venture Global, Inc. Class A common stock 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):
| Venture Global, Inc. Class A common stock (VG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.76 | 7.95 | 7.92 | +0.04 | 11.8M | - | 3.8B |
VG Dividend-Like Income Using Covered Calls
With VG at 7.92, 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% | 0.24 | 0.1 |
| 5% | 0.40 | 0.1 |
| 10% | 0.79 | 0.2 |
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 VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 10.50 | 0.05 | 24 | 0.2 | 2.55 (32.2%) | |
| Feb 13 | 10.00 | 0.15 | 31 | 0.5 | 2.05 (25.9%) | |
| 5% Yield On VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 10.50 | 0.05 | 24 | 0.2 | 2.55 (32.2%) | |
| Feb 13 | 10.00 | 0.15 | 31 | 0.5 | 2.05 (25.9%) | |
| 10% Yield On VG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 8.00 | 0.50 | 24 | 2.1 | 0.05 (0.6%) | |
| Feb 13 | 10.00 | 0.15 | 31 | 0.5 | 2.05 (25.9%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | CRVS dividend | |
| 2. | IBIT dividend | 7. | SPY dividend | 2. | WYFI dividend | |
| 3. | TLT dividend | 8. | NFLX dividend | 3. | OCUL dividend | |
| 4. | INTC dividend | 9. | QQQ dividend | 4. | TLRY dividend | |
| 5. | AAPL dividend | 10. | GLD dividend | 5. | METC dividend | |
Want more examples? VFH Dividend | VGIT Dividend
