WOR Dividend
Although WOR has a dividend of 0.19 with an ex-dividend date of Sep 15, you can sell covered calls on Worthington Enterprises, Inc. Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Worthington Enterprises, Inc. Common Shares (WOR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
63.00 | 69.03 | 64.18 | -1.17 | 343K | 24 | 3.3B |
WOR Dividend-Like Income Using Covered Calls
With WOR at 64.18, 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% | 1.93 | 0.5 |
5% | 3.21 | 0.9 |
10% | 6.42 | 1.8 |
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 WOR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 70.00 | 0.55 | 40 | 1.4 | 0.97 (1.5%) | |
Oct 17 | 70.00 | 2.25 | 103 | 2.2 | 0.97 (1.5%) |
5% Yield On WOR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 70.00 | 0.55 | 40 | 1.4 | 0.97 (1.5%) | |
Oct 17 | 70.00 | 2.25 | 103 | 2.2 | 0.97 (1.5%) |
10% Yield On WOR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 70.00 | 2.25 | 103 | 2.2 | 0.97 (1.5%) | |
Dec 19 | 70.00 | 3.60 | 166 | 2.2 | 0.97 (1.5%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | CIFR dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | TMC dividend | |
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Want more examples? WOOF Dividend | WOW Dividend