WCC Dividend

Although WCC has a dividend of 0.45 with an ex-dividend date of Dec 12, 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 Wed 4:16 PM ET):

WESCO International, Inc. (WCC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
251.02	284.55	270.57	+4.24	342K	21	13B

WCC Dividend-Like Income Using Covered Calls

With WCC at 270.57, 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%	8.12	2.2
5%	13.53	3.7
10%	27.06	7.4

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	290.00	0.85	17	5.0	5.45 (2.0%)
May 15	290.00	18.50	164	11.3	5.45 (2.0%)

5% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	290.00	0.85	17	5.0	5.45 (2.0%)
May 15	290.00	18.50	164	11.3	5.45 (2.0%)

10% Yield On WCC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	290.00	18.50	164	11.3	5.45 (2.0%)
Jan 16	290.00	4.30	45	9.6	5.45 (2.0%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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Want more examples? WBS Dividend | WCLD Dividend