WH Dividend

Although WH has a dividend of 0.41 with an ex-dividend date of Dec 15, you can sell covered calls on Wyndham Hotels & Resorts, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Wyndham Hotels & Resorts, Inc. (WH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
70.01	75.91	73.52	+1.15	1.2M	17	5.5B

WH Dividend-Like Income Using Covered Calls

With WH at 73.52, 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%	2.21	0.6
5%	3.68	1.0
10%	7.35	2.0

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 WH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	80.00	3.10	157	2.0	4.09 (5.6%)
Jan 16	80.00	0.40	38	1.1	4.09 (5.6%)

5% Yield On WH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	80.00	3.10	157	2.0	4.09 (5.6%)
Jan 16	80.00	0.40	38	1.1	4.09 (5.6%)

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Want more examples? WGO Dividend | WHD Dividend