VOOG Dividend Type Payments

Although VOOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard 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 Mon 10:55 AM ET):

Vanguard S&P 500 Growth ETF (VOOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
415.91	416.00	415.97	-0.47	82K	-	0.0B

VOOG Dividend-Like Income Using Covered Calls

With VOOG at 415.97, 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%	12.48	3.4
5%	20.80	5.7
10%	41.60	11.4

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 VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	415.00	11.70	61	17.5	0.00 (0.0%)
Sep 19	415.00	8.40	33	22.4	0.00 (0.0%)

5% Yield On VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	415.00	11.70	61	17.5	0.00 (0.0%)
Sep 19	415.00	8.40	33	22.4	0.00 (0.0%)

10% Yield On VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	415.00	11.70	61	17.5	0.00 (0.0%)
Sep 19	415.00	8.40	33	22.4	0.00 (0.0%)

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Want more examples? VOO Dividend | VOOV Dividend