WDFC Dividend

WD-40 Company dividend

Although WDFC has a dividend of 0.94 with an ex-dividend date of Jul 18, you can sell covered calls on WD-40 Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:45 PM ET):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
223.98 224.76 224.37 -2.53 141K 36 3.1B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 224.37, 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% 6.73 1.8
5% 11.22 3.1
10% 22.44 6.1

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 WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 230.00 3.70 32 11.6 5.24 (2.3%)
Jul 18 230.00 0.25 4 6.3 5.24 (2.3%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 230.00 3.70 32 11.6 5.24 (2.3%)
Jul 18 230.00 0.25 4 6.3 5.24 (2.3%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 230.00 3.70 32 11.6 5.24 (2.3%)
Jul 18 230.00 0.25 4 6.3 5.24 (2.3%)

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