WSR Dividend

Whitestone REIT Common Shares dividend

Although WSR has a dividend of 0.04 with an ex-dividend date of Nov 4, you can sell covered calls on Whitestone REIT Common Shares 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):

Whitestone REIT Common Shares (WSR)
Bid Ask Last Change Volume P/E Market Cap
12.67 13.38 13.31 +0.07 144K 43 0.7B

WSR Dividend-Like Income Using Covered Calls

With WSR at 13.31, 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% 0.40 0.1
5% 0.67 0.2
10% 1.33 0.4

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:

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Want more examples? WSO Dividend | WST Dividend