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 Fri 12:30 PM ET):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
199.59 200.33 199.99 +2.49 34K 30 2.7B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 199.99, 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% 6.00 1.6
5% 10.00 2.7
10% 20.00 5.5

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 WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 4.40 29 14.0 0.00 (0.0%)
May 15 200.00 16.30 176 9.1 0.00 (0.0%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 4.40 29 14.0 0.00 (0.0%)
May 15 200.00 16.30 176 9.1 0.00 (0.0%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 4.40 29 14.0 0.00 (0.0%)
May 15 200.00 16.30 176 9.1 0.00 (0.0%)

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