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 Mon 12:20 PM ET):

Wells Fargo & Company (WFC)
Bid Ask Last Change Volume P/E Market Cap
71.04 71.05 71.05 +0.36 3.5M 13 232B

WFC Dividend-Like Income Using Covered Calls

With WFC at 71.05, 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% 2.13 0.6
5% 3.55 1.0
10% 7.11 1.9

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
May 2 71.00 3.20 33 9.5 0.00 (0.0%)
Apr 4 71.00 1.29 5 24.8 0.00 (0.0%)
5% Yield On WFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 71.00 3.20 33 9.5 0.00 (0.0%)
Apr 4 71.00 1.29 5 24.8 0.00 (0.0%)
10% Yield On WFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 71.00 3.20 33 9.5 0.00 (0.0%)
Apr 4 71.00 1.29 5 24.8 0.00 (0.0%)

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