WB Dividend Type Payments

Weibo Corporation - American Depositary Shares dividend

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 Tue 4:16 PM ET):

Weibo Corporation - American Depositary Shares (WB)
Bid Ask Last Change Volume P/E Market Cap
10.53 10.73 10.60 -0.15 483K 6.1 0.2B

WB Dividend-Like Income Using Covered Calls

With WB at 10.60, 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% 0.32 0.1
5% 0.53 0.1
10% 1.06 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
Apr 17 12.50 0.15 88 0.2 1.77 (16.7%)
Jun 18 12.50 0.25 150 0.2 1.77 (16.7%)
5% Yield On WB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 12.50 0.15 88 0.2 1.77 (16.7%)
Jun 18 12.50 0.25 150 0.2 1.77 (16.7%)

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