WOOF Dividend Type Payments
Although WOOF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petco Health and Wellness Company, Inc. - Class A 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):
| Petco Health and Wellness Company, Inc. - Class A (WOOF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.56 | 2.64 | 2.62 | +0.14 | 1.7M | - | 0.8B |
WOOF Dividend-Like Income Using Covered Calls
With WOOF at 2.62, 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% | 0.08 | 0.0 |
| 5% | 0.13 | 0.0 |
| 10% | 0.26 | 0.1 |
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 WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 13 | 3.00 | 0.05 | 36 | 0.1 | 0.36 (13.7%) | |
| Mar 20 | 3.00 | 0.05 | 43 | 0.1 | 0.36 (13.7%) | |
| 5% Yield On WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 13 | 3.00 | 0.05 | 36 | 0.1 | 0.36 (13.7%) | |
| Mar 20 | 3.00 | 0.05 | 43 | 0.1 | 0.36 (13.7%) | |
| 10% Yield On WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 13 | 3.00 | 0.05 | 36 | 0.1 | 0.36 (13.7%) | |
| Mar 20 | 3.00 | 0.05 | 43 | 0.1 | 0.36 (13.7%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | KWEB dividend | 7. | SPY dividend | 2. | APLD dividend | |
| 3. | NVDA dividend | 8. | EWZ dividend | 3. | AXTI dividend | |
| 4. | IBIT dividend | 9. | TLT dividend | 4. | U dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | QS dividend | |
Want more examples? WOOD Dividend | WOR Dividend
