WDAY Dividend Type Payments
Although WDAY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Workday, Inc. - Class A 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):
Workday, Inc. - Class A (WDAY) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
234.06 | 235.50 | 235.47 | -6.88 | 1.8M | 42 | 64B |
WDAY Dividend-Like Income Using Covered Calls
With WDAY at 235.47, 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% | 7.06 | 1.9 |
5% | 11.77 | 3.2 |
10% | 23.55 | 6.5 |
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 WDAY Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 235.00 | 7.40 | 26 | 26.5 | 0.00 (0.0%) | |
Nov 8 | 235.00 | 8.60 | 33 | 24.5 | 0.00 (0.0%) |
5% Yield On WDAY Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 235.00 | 7.40 | 26 | 26.5 | 0.00 (0.0%) | |
Nov 8 | 235.00 | 8.60 | 33 | 24.5 | 0.00 (0.0%) |
10% Yield On WDAY Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 1 | 235.00 | 7.40 | 26 | 26.5 | 0.00 (0.0%) | |
Nov 8 | 235.00 | 8.60 | 33 | 24.5 | 0.00 (0.0%) |
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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? WD Dividend | WDC Dividend