WWD Dividend

Although WWD has a dividend of 0.32 with an ex-dividend date of Feb 19, you can sell covered calls on Woodward, Inc. 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):

Woodward, Inc. (WWD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
351.33	385.00	371.17	+43.92	2.4M	46	20B

WWD Dividend-Like Income Using Covered Calls

With WWD at 371.17, 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%	11.14	3.1
5%	18.56	5.1
10%	37.12	10.2

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 WWD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	390.00	12.60	74	17.0	5.00 (1.3%)
Jul 17	390.00	27.70	165	16.8	5.00 (1.3%)

5% Yield On WWD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	390.00	12.60	74	17.0	5.00 (1.3%)
Jul 17	390.00	27.70	165	16.8	5.00 (1.3%)

10% Yield On WWD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	390.00	12.60	74	17.0	5.00 (1.3%)
Jul 17	390.00	27.70	165	16.8	5.00 (1.3%)

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5.	IBIT dividend	10.	CORZ dividend	5.	EOSE dividend

Want more examples? WW Dividend | WWJD Dividend