WFC Dividend Type Payments

Wells Fargo & Company dividend

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

Wells Fargo & Company (WFC)
Bid Ask Last Change Volume P/E Market Cap
86.04 86.09 86.04 +0.45 15.6M 14 270B

WFC Dividend-Like Income Using Covered Calls

With WFC at 86.04, 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% 2.58 0.7
5% 4.30 1.2
10% 8.60 2.4

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 WFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 5 86.00 2.69 29 9.0 0.00 (0.0%)
Dec 12 86.00 2.72 36 7.3 0.00 (0.0%)
5% Yield On WFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 5 86.00 2.69 29 9.0 0.00 (0.0%)
Dec 12 86.00 2.72 36 7.3 0.00 (0.0%)
10% Yield On WFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 5 86.00 2.69 29 9.0 0.00 (0.0%)
Dec 12 86.00 2.72 36 7.3 0.00 (0.0%)

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