WCN Dividend Type Payments
Although WCN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Waste Connections, Inc. Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Waste Connections, Inc. Common Shares (WCN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 174.37 | 178.93 | 176.72 | +0.31 | 926K | 53 | 46B |
WCN Dividend-Like Income Using Covered Calls
With WCN at 176.72, 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% | 5.30 | 1.5 |
| 5% | 8.84 | 2.4 |
| 10% | 17.67 | 4.8 |
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 WCN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 180.00 | 3.50 | 40 | 8.8 | 1.07 (0.6%) | |
| Oct 18 | 180.00 | 0.65 | 12 | 5.4 | 1.07 (0.6%) | |
| 5% Yield On WCN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 180.00 | 3.50 | 40 | 8.8 | 1.07 (0.6%) | |
| Oct 18 | 180.00 | 0.65 | 12 | 5.4 | 1.07 (0.6%) | |
| 10% Yield On WCN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 180.00 | 3.50 | 40 | 8.8 | 1.07 (0.6%) | |
| Oct 18 | 180.00 | 0.65 | 12 | 5.4 | 1.07 (0.6%) | |
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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. | LYFT dividend | |
| 3. | SPY dividend | 8. | SMCI dividend | 3. | AEHR dividend | |
| 4. | FXI dividend | 9. | KWEB dividend | 4. | JOBY dividend | |
| 5. | QQQ dividend | 10. | HYG dividend | 5. | COIN dividend | |
Want more examples? WCLD Dividend | WD Dividend
