VSS Dividend Type Payments
Although VSS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard FTSE All-Wld ex-US SmCp Idx 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 FTSE All-Wld ex-US SmCp Idx ETF (VSS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
134.03 | 147.00 | 142.49 | +1.35 | 268K | - | 0.0B |
VSS Dividend-Like Income Using Covered Calls
With VSS at 142.49, 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% | 4.27 | 1.2 |
5% | 7.12 | 2.0 |
10% | 14.25 | 3.9 |
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:
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Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | INTC dividend | 1. | BHVN dividend | |
2. | IBIT dividend | 7. | SLV dividend | 2. | NB dividend | |
3. | SPY dividend | 8. | AMZN dividend | 3. | SANA dividend | |
4. | GLD dividend | 9. | QQQ dividend | 4. | AREC dividend | |
5. | TSLA dividend | 10. | OPEN dividend | 5. | EU dividend |
Want more examples? VSH Dividend | VST Dividend