WB Dividend Type Payments
Although WB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Weibo Corporation - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:10 AM ET):
| Weibo Corporation - American Depositary Shares (WB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 12.30 | 12.31 | 12.30 | +0.65 | 2.3M | 9.1 | 0.2B |
WB Dividend-Like Income Using Covered Calls
With WB at 12.30, 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% | 0.37 | 0.1 |
| 5% | 0.62 | 0.2 |
| 10% | 1.23 | 0.3 |
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 WB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 13.00 | 0.80 | 26 | 3.1 | 0.69 (5.6%) | |
| Nov 8 | 13.00 | 0.95 | 33 | 2.9 | 0.69 (5.6%) | |
| 5% Yield On WB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 13.00 | 0.80 | 26 | 3.1 | 0.69 (5.6%) | |
| Nov 8 | 13.00 | 0.95 | 33 | 2.9 | 0.69 (5.6%) | |
| 10% Yield On WB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 1 | 13.00 | 0.80 | 26 | 3.1 | 0.69 (5.6%) | |
| Nov 8 | 13.00 | 0.95 | 33 | 2.9 | 0.69 (5.6%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | ASTS dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | CLOV dividend | |
| 3. | SPY dividend | 8. | SMCI dividend | 3. | CIFR dividend | |
| 4. | FXI dividend | 9. | KWEB dividend | 4. | TVTX dividend | |
| 5. | QQQ dividend | 10. | HYG dividend | 5. | AEHR dividend | |
Want more examples? WAT Dividend | WBA Dividend
