WLK Dividend Type Payments

Westlake Corporation dividend

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

Westlake Corporation (WLK)
Bid Ask Last Change Volume P/E Market Cap
80.10 81.92 81.11 -0.74 708K 28 11B

WLK Dividend-Like Income Using Covered Calls

With WLK at 81.11, 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% 2.43 0.7
5% 4.06 1.1
10% 8.11 2.2

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 WLK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 85.00 2.40 44 5.5 3.08 (3.8%)
Oct 17 85.00 2.60 107 2.4 3.08 (3.8%)
5% Yield On WLK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 85.00 2.40 44 5.5 3.08 (3.8%)
Oct 17 85.00 2.60 107 2.4 3.08 (3.8%)
10% Yield On WLK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 85.00 2.40 44 5.5 3.08 (3.8%)
Oct 17 85.00 2.60 107 2.4 3.08 (3.8%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.QUBT dividend
2.SLV dividend 7.AAPL dividend   2.COGT dividend
3.SPY dividend 8.TLT dividend   3.IONQ dividend
4.IWM dividend 9.IBIT dividend   4.TMC dividend
5.TSLA dividend 10.QQQ dividend   5.SMMT dividend

Want more examples? WLDN Dividend | WLKP Dividend