WHG Dividend Type Payments
Although WHG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Westwood Holdings 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):
| Westwood Holdings Group Inc (WHG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.10 | 16.70 | 15.98 | -0.22 | 21K | 62 | 0.2B |
WHG Dividend-Like Income Using Covered Calls
With WHG at 15.98, 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% | 0.48 | 0.1 |
| 5% | 0.80 | 0.2 |
| 10% | 1.60 | 0.4 |
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:
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | NIO dividend | 1. | IONQ dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QUBT dividend | |
| 3. | ASHR dividend | 8. | EEM dividend | 3. | ACHR dividend | |
| 4. | SLV dividend | 9. | TLT dividend | 4. | HIMS dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | EWTX dividend | |
Want more examples? WHD Dividend | WHR Dividend
