WDFC Dividend Type Payments

WD-40 Company dividend

Although WDFC has no upcoming (meaning, Board-approved and announced) dividends, 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 1:55 PM ET):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
206.94 208.95 207.94 +2.96 65K 31 2.8B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 207.94, 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% 6.24 1.7
5% 10.40 2.8
10% 20.79 5.7

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
May 15 210.00 11.90 116 10.3 1.05 (0.5%)
Feb 20 210.00 4.40 32 13.8 1.05 (0.5%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 210.00 11.90 116 10.3 1.05 (0.5%)
Feb 20 210.00 4.40 32 13.8 1.05 (0.5%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 210.00 11.90 116 10.3 1.05 (0.5%)
Feb 20 210.00 4.40 32 13.8 1.05 (0.5%)

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