PWR Dividend

Although PWR has a dividend of 0.09 with an ex-dividend date of Oct 1, you can sell covered calls on Quanta Services, Inc. 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):

Quanta Services, Inc. (PWR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
291.16	299.11	297.94	-0.30	996K	56	44B

PWR Dividend-Like Income Using Covered Calls

With PWR at 297.94, 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%	8.94	2.4
5%	14.90	4.1
10%	29.79	8.2

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 PWR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	300.00	15.50	52	29.8	0.89 (0.3%)
Oct 18	300.00	8.10	24	33.8	0.89 (0.3%)

5% Yield On PWR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	300.00	15.50	52	29.8	0.89 (0.3%)
Oct 18	300.00	8.10	24	33.8	0.89 (0.3%)

10% Yield On PWR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	300.00	15.50	52	29.8	0.89 (0.3%)
Oct 18	300.00	8.10	24	33.8	0.89 (0.3%)

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Top 10 Open Interest For Oct 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	HYG dividend	1.	DJT dividend
2.	IWM dividend	7.	EEM dividend	2.	UPST dividend
3.	SPY dividend	8.	FXI dividend	3.	CPRI dividend
4.	SLV dividend	9.	GLD dividend	4.	WULF dividend
5.	QQQ dividend	10.	TLT dividend	5.	SAVA dividend

Want more examples? PWP Dividend | PWV Dividend