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 Wed 4:16 PM ET):

Vanguard S&P 500 Growth ETF (VOOG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
372.50	372.84	372.47	+2.67	307K	-	0.0B

VOOG Dividend-Like Income Using Covered Calls

With VOOG at 372.47, 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%	11.17	3.1
5%	18.62	5.1
10%	37.25	10.2

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 VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	375.00	16.90	129	13.1	2.16 (0.6%)
Dec 19	375.00	24.20	220	11.0	2.16 (0.6%)

5% Yield On VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	375.00	16.90	129	13.1	2.16 (0.6%)
Dec 19	375.00	24.20	220	11.0	2.16 (0.6%)

10% Yield On VOOG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	375.00	16.90	129	13.1	2.16 (0.6%)
Dec 19	375.00	24.20	220	11.0	2.16 (0.6%)

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Want more examples? VOO Dividend | VOOV Dividend