SHW Dividend Type Payments

Although SHW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sherwin-Williams Company (The) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:25 AM ET):

Sherwin-Williams Company (The) (SHW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
325.76	325.95	325.86	-0.30	75K	32	81B

SHW Dividend-Like Income Using Covered Calls

With SHW at 325.86, 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%	9.78	2.7
5%	16.29	4.5
10%	32.59	8.9

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:

3% Yield On SHW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	330.00	1.75	17	10.3	4.05 (1.2%)
Jun 18	330.00	19.50	170	11.5	4.05 (1.2%)

5% Yield On SHW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	330.00	1.75	17	10.3	4.05 (1.2%)
Jun 18	330.00	19.50	170	11.5	4.05 (1.2%)

10% Yield On SHW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	330.00	1.75	17	10.3	4.05 (1.2%)
Jun 18	330.00	19.50	170	11.5	4.05 (1.2%)

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