WSC Dividend Type Payments

Although WSC has no upcoming (meaning, Board-approved and announced) dividends, 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 Wed 9:55 AM ET):

WillScot Holdings Corporation - Class A (WSC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
20.50	20.58	20.54	+0.46	166K	17	4.0B

WSC Dividend-Like Income Using Covered Calls

With WSC at 20.54, 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%	0.62	0.2
5%	1.03	0.3
10%	2.05	0.6

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
Jan 16	22.50	0.25	45	0.6	1.92 (9.3%)
Apr 17	25.00	0.50	136	0.4	4.42 (21.5%)

5% Yield On WSC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	22.50	0.25	45	0.6	1.92 (9.3%)
Apr 17	25.00	0.50	136	0.4	4.42 (21.5%)

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Want more examples? WSBF Dividend | WSFS Dividend