VV Dividend Type Payments
Although VV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Vanguard Large-Cap ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:20 PM ET):
| Vanguard Large-Cap ETF (VV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 286.17 | 286.20 | 286.12 | -0.33 | 120K | - | 16B |
VV Dividend-Like Income Using Covered Calls
With VV at 286.12, 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% | 8.58 | 2.4 |
| 5% | 14.31 | 3.9 |
| 10% | 28.61 | 7.8 |
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 VV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 285.00 | 5.30 | 39 | 10.5 | 0.00 (0.0%) | |
| Oct 17 | 285.00 | 9.80 | 102 | 8.4 | 0.00 (0.0%) | |
| 5% Yield On VV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 285.00 | 5.30 | 39 | 10.5 | 0.00 (0.0%) | |
| Oct 17 | 285.00 | 9.80 | 102 | 8.4 | 0.00 (0.0%) | |
| 10% Yield On VV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 285.00 | 5.30 | 39 | 10.5 | 0.00 (0.0%) | |
| Oct 17 | 285.00 | 9.80 | 102 | 8.4 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | RXRX dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | AEVA dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | OKLO dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | EOSE dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | HTZ dividend | |
Want more examples? VUZI Dividend | VVV Dividend
