YORW Dividend Type Payments

The York Water Company dividend

Although YORW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The York Water Company 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):

The York Water Company (YORW)
Bid Ask Last Change Volume P/E Market Cap
31.50 32.50 32.11 -0.35 107K 24 0.5B

YORW Dividend-Like Income Using Covered Calls

With YORW at 32.11, 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% 0.96 0.3
5% 1.61 0.4
10% 3.21 0.9

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 YORW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 35.00 0.55 151 0.4 2.50 (7.8%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Nov 21 Expiration     Top 5 High Yield
1.KVUE dividend 6.HYG dividend   1.CIFR dividend
2.IBIT dividend 7.TLT dividend   2.ARCT dividend
3.NVDA dividend 8.EEM dividend   3.INBX dividend
4.SLV dividend 9.QQQ dividend   4.BHVN dividend
5.GLD dividend 10.INTC dividend   5.OSCR dividend

Want more examples? YOLO Dividend | YPF Dividend