WCC Dividend Type Payments

Although WCC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WESCO International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 12:55 PM ET):

WESCO International, Inc. (WCC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
218.90	219.89	219.42	+0.68	180K	17	11B

WCC Dividend-Like Income Using Covered Calls

With WCC at 219.42, 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%	6.58	1.8
5%	10.97	3.0
10%	21.94	6.0

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 WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	14.90	65	22.9	0.11 (0.1%)
Nov 21	220.00	12.30	37	33.2	0.11 (0.1%)

5% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	14.90	65	22.9	0.11 (0.1%)
Nov 21	220.00	12.30	37	33.2	0.11 (0.1%)

10% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	14.90	65	22.9	0.11 (0.1%)
Nov 21	220.00	12.30	37	33.2	0.11 (0.1%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	ABAT dividend
2.	IBIT dividend	7.	QQQ dividend	2.	FLNC dividend
3.	SPY dividend	8.	AMZN dividend	3.	PSO dividend
4.	GLD dividend	9.	AMD dividend	4.	ARCT dividend
5.	TSLA dividend	10.	SLV dividend	5.	KOD dividend

Want more examples? WBS Dividend | WCLD Dividend