WTW Dividend
Although WTW has a dividend of 0.92 with an ex-dividend date of Dec 31, you can sell covered calls on Willis Towers Watson Public Limited Company - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Willis Towers Watson Public Limited Company - Ordinary Shares (WTW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 320.00 | 525.95 | 329.84 | +0.08 | 615K | 16 | 32B |
WTW Dividend-Like Income Using Covered Calls
With WTW at 329.84, 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% | 9.90 | 2.7 |
| 5% | 16.49 | 4.5 |
| 10% | 32.98 | 9.0 |
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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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | OMER dividend | |
| 2. | SPY dividend | 7. | NFLX dividend | 2. | TMC dividend | |
| 3. | IBIT dividend | 8. | SLV dividend | 3. | TLRY dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | BMNR dividend | |
| 5. | TLT dividend | 10. | AMZN dividend | 5. | ALT dividend | |
Want more examples? WTTR Dividend | WU Dividend
