WPC Dividend

Although WPC has a dividend of 0.92 with an ex-dividend date of Dec 31, you can sell covered calls on W. P. Carey Inc. REIT 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):

W. P. Carey Inc. REIT (WPC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
64.00	65.04	64.82	+0.18	434K	39	14B

WPC Dividend-Like Income Using Covered Calls

With WPC at 64.82, 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%	1.94	0.5
5%	3.24	0.9
10%	6.48	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 WPC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	65.00	0.40	22	1.6	0.00 (0.0%)
Apr 17	65.00	1.80	113	1.6	0.00 (0.0%)

5% Yield On WPC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	65.00	0.40	22	1.6	0.00 (0.0%)
Apr 17	65.00	1.80	113	1.6	0.00 (0.0%)

10% Yield On WPC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	65.00	1.10	57	1.9	0.00 (0.0%)

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

Top 10 Open Interest For Jan 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	DAWN dividend
2.	INTC dividend	7.	GLD dividend	2.	IMRX dividend
3.	TLT dividend	8.	NIO dividend	3.	TMC dividend
4.	IBIT dividend	9.	NFLX dividend	4.	PGR dividend
5.	AAPL dividend	10.	SPY dividend	5.	RARE dividend

Want more examples? WOW Dividend | WPM Dividend