WEC Dividend Type Payments

WEC Energy Group, Inc. dividend

Although WEC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WEC Energy Group, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

WEC Energy Group, Inc. (WEC)
Bid Ask Last Change Volume P/E Market Cap
107.37 112.49 111.60 -0.29 2.1M 21 36B

WEC Dividend-Like Income Using Covered Calls

With WEC at 111.60, 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% 3.35 0.9
5% 5.58 1.5
10% 11.16 3.1

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 WEC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 115.00 0.95 32 3.0 2.51 (2.2%)
Nov 21 115.00 0.05 4 1.3 2.51 (2.2%)
5% Yield On WEC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 115.00 0.95 32 3.0 2.51 (2.2%)
May 15 115.00 3.90 179 2.2 2.51 (2.2%)
10% Yield On WEC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 115.00 2.00 60 3.3 2.51 (2.2%)

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