WSC Dividend

Although WSC has a dividend of 0.07 with an ex-dividend date of Jun 4, you can sell covered calls on WillScot Holdings Corporation - Class A 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):

WillScot Holdings Corporation - Class A (WSC)
Bid Ask Last Change Volume P/E Market Cap
27.60 31.00 30.30 +0.65 2.7M 371 5.9B

WSC Dividend-Like Income Using Covered Calls

With WSC at 30.30, 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% 0.91 0.2
5% 1.52 0.4
10% 3.03 0.8

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 WSC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 32.50 0.05 4 1.3 1.50 (5.0%)
Oct 17 32.50 2.50 158 1.6 1.50 (5.0%)
5% Yield On WSC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 32.50 0.05 4 1.3 1.50 (5.0%)
Oct 17 32.50 2.50 158 1.6 1.50 (5.0%)
10% Yield On WSC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 32.50 0.05 4 1.3 1.50 (5.0%)
Oct 17 32.50 2.50 158 1.6 1.50 (5.0%)

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