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DIVO Dividend Calculator: Project Amplify CWP Enhanced Dividend Income ETF

DIVO is an actively managed fund that holds a focused portfolio of large-cap U.S. dividend payers and writes covered calls on select holdings to add option premium. Distributions arrive monthly, blending stock dividends with options income.

The strategy trades some upside for income and lower volatility, but it comes with practical caveats: the fund charges an active-management fee, and a meaningful share of its distributions can be classified as ordinary income or short-term gains rather than qualified dividends.

This calculator projects DIVO income with or without reinvestment, applies a tax-rate assumption, and solves backwards from a monthly income goal.

Run DIVO in the calculatorCompare DIVO vs others

Data as of September 27, 2026 · Sources: Yahoo Finance and fund fact sheets.

Share price
$47.29
Dividend yield (TTM)
2.94%
Expense ratio
0.56%
Distribution frequency
Monthly
TTM distributions / share
$3.00
Assets under management
$7.9B
How much DIVO do you need for your income goal?

Capital required at the current 2.94% yield, before taxes and before accounting for future dividend growth or reinvestment.

Monthly incomeAnnual incomeCapital requiredApprox. shares
$500/month$6.0K$204.1K4,316
$1,000/month$12.0K$408.2K8,632
$2,000/month$24.0K$816.3K17,263
$3,000/month$36.0K$1.2M25,894
$5,000/month$60.0K$2.0M43,156
$10,000/month$120.0K$4.1M86,311

Estimates only. Yield, share price, and distributions change over time. Use the full calculator to model monthly contributions, dividend growth, taxes, and reinvestment.

How long to reach your DIVO income goal?

Years until projected dividend income first reaches each target, starting from zero with every distribution reinvested. Assumes today's 2.94% yield and dividend growth consistent with the fund's record; taxes and withdrawals are excluded.

Monthly contribution$500/month$1,000/month$2,000/month$5,000/month
$250/month16 yr21 yr26 yr33 yr
$500/month11 yr16 yr21 yr28 yr
$1,000/month8 yr11 yr16 yr22 yr

Projections assume a constant yield, dividend growth consistent with the holding's recent record, no price changes beyond its recent trend, and full reinvestment. Actual results will differ. Dividend income is shown before taxes.

Who DIVO is for
  • Investors who want monthly cash flow from a large-cap dividend portfolio
  • Tax-advantaged accounts where the ordinary-income mix does not bite
  • A lower-volatility income sleeve alongside growth holdings
  • Diversifying away from pure index-tracking income funds
Trade-offs to understand
  • Covered calls cap upside in strong bull markets
  • Higher expense ratio than index-based dividend ETFs
  • A portion of the distribution may be taxed as ordinary income, not qualified dividends

About DIVO

Actively managed concentrated portfolio of ~25-30 high-quality dividend payers, overlaid with tactical covered calls written only when implied volatility is favorable.

DIVO key facts
MetricValue
Fund nameAmplify CWP Enhanced Dividend Income ETF
IssuerAmplify ETFs
CategoryCovered Call
Inception date2016-12-13
Share price$47.29
NAV$47.26
Dividend yield (TTM)2.94%
Expense ratio0.56%
Distribution frequencyMonthly
Assets under management$7.9B
1-year return10.84%
5-year return (annualized)10.92%
3-year beta0.54

Historical returns are not a forecast. Figures shown are the latest available and may differ slightly from issuer fact sheets.

DIVO dividend history and payout schedule
TTM / share
$3.00
Yield (TTM)
2.94%
Annual growth
14.6%
Pays in
January, February, March, April, May, June, July, August, September, October, November, December
Payment datePer share
August 28, 2026$0.20
July 30, 2026$0.19
June 29, 2026$0.18
May 28, 2026$0.18
April 29, 2026$0.18
March 30, 2026$0.18
February 26, 2026$0.19
January 29, 2026$0.18

Annual growth compares the latest twelve months of distributions with the twelve months ending four years earlier and is not a forecast. Past distributions can be reduced or suspended.

Top holdings

The largest positions in DIVO, by portfolio weight.

  • MSFTMicrosoft Corp6.34%
  • AAPLApple Inc5.29%
  • VVisa Inc Class A5.21%
  • AMGNAmgen Inc5.19%
  • AGPXXInvesco Shrt-Trm Inv Gov&Agcy Instl5.12%
  • CATCaterpillar Inc4.95%
  • JPMJPMorgan Chase & Co4.90%
  • GSThe Goldman Sachs Group Inc4.88%
Sector allocation

Sector exposure reported by the fund provider.

  • Financials19.80%
  • Information Tech18.40%
  • Health Care14.20%
  • Industrials12.60%
  • Consumer Staples10.80%
  • Energy8.40%
DIVO frequently asked questions

DIVO yields about 2.94% on a trailing basis at $47.29 per share. The yield blends dividends from its equity holdings with option premium from covered calls, so it can vary month to month.

At a 2.94% yield, generating $12,000 per year requires roughly $408.2K, or about 8,632 shares at $47.29. Because DIVO pays monthly, cash flow arrives in twelve payments rather than four.

Yes. DIVO distributes monthly, recently in January, February, March, April, May, June, July, August, September, October, November, December. The trailing twelve-month distribution totals about $3.00 per share. Amounts are not fixed and depend on dividends and option premium collected.

Both pair high-yield equity exposure with covered calls and pay monthly. JEPI is an actively managed S&P 500 strategy using equity-linked notes; DIVO writes calls on selected holdings within a concentrated dividend portfolio. Fees, holdings, and distribution mixes differ — compare them side by side for current figures.

A portion of DIVO's distributions comes from option premium and short-term gains, which are generally taxed as ordinary income rather than qualified dividends. Holding it in an IRA or Roth removes that annual drag; confirm your own situation with a tax professional.

DIVO's distribution depends on the dividends its holdings pay plus the option premium it collects, so growth is not automatic like a traditional dividend fund. Comparing the latest twelve months with the same period four years earlier, the trend is roughly 14.6% per year.

Investing $500 a month with all distributions reinvested, DIVO's projected dividend income reaches $1,000 a month in about 16 years. By then you would have contributed roughly $96.0K and the projected portfolio value would be about $253.2K. This assumes today's 2.94% yield and the growth assumptions shown in the calculator, with no taxes or withdrawals — projections, not guarantees.
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Disclaimer: This page is for educational purposes only and is not financial, investment, or tax advice. Fund data is sourced from Yahoo Finance and issuer fact sheets and may be delayed or contain errors. Dividend yields and distributions are not guaranteed. Past performance is not indicative of future results. Always consult a qualified advisor before making investment decisions.