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 Fri 4:16 PM ET):

Vanguard Large-Cap ETF (VV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
303.45	303.81	303.81	-0.07	154K	-	17B

VV Dividend-Like Income Using Covered Calls

With VV at 303.81, 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%	9.11	2.5
5%	15.19	4.2
10%	30.38	8.3

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
Oct 17	305.00	2.10	36	5.8	1.19 (0.4%)
Jan 16	305.00	9.90	127	7.8	1.19 (0.4%)

5% Yield On VV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	305.00	2.10	36	5.8	1.19 (0.4%)
Jan 16	305.00	9.90	127	7.8	1.19 (0.4%)

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3.	IWM dividend	8.	SLV dividend	3.	IONQ dividend
4.	PCG dividend	9.	TSLA dividend	4.	QURE dividend
5.	EEM dividend	10.	FXI dividend	5.	ARCT dividend

Want more examples? VUZI Dividend | VVPR Dividend