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 Tue 4:16 PM ET):

WESCO International, Inc. (WCC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
245.00	266.97	249.79	-2.09	205K	20	12B

WCC Dividend-Like Income Using Covered Calls

With WCC at 249.79, 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%	7.49	2.1
5%	12.49	3.4
10%	24.98	6.8

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
May 15	270.00	15.30	137	11.2	3.03 (1.2%)
Jan 16	270.00	0.85	18	4.7	3.03 (1.2%)

5% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	270.00	15.30	137	11.2	3.03 (1.2%)
Jan 16	270.00	0.85	18	4.7	3.03 (1.2%)

10% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	270.00	15.30	137	11.2	3.03 (1.2%)
Apr 17	270.00	11.20	109	10.3	3.03 (1.2%)

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