WH Dividend Type Payments

Although WH has no upcoming (meaning, Board-approved and announced) dividends, 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 Fri 4:16 PM ET):

Wyndham Hotels & Resorts, Inc. (WH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
85.50	96.09	89.66	-2.53	779K	26	7.2B

WH Dividend-Like Income Using Covered Calls

With WH at 89.66, 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%	2.69	0.7
5%	4.48	1.2
10%	8.97	2.5

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 WH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	1.65	141	1.2	3.91 (4.4%)
May 16	100.00	0.75	50	1.5	3.91 (4.4%)

5% Yield On WH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	100.00	0.75	50	1.5	3.91 (4.4%)
Nov 21	100.00	3.10	239	1.3	3.91 (4.4%)

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Want more examples? WGO Dividend | WHD Dividend