WBD Dividend Type Payments

Although WBD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Warner Bros. Discovery, Inc. - Series A 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):

Warner Bros. Discovery, Inc. - Series A (WBD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.10	10.18	10.06	-0.45	31.4M	-	26B

WBD Dividend-Like Income Using Covered Calls

With WBD at 10.06, 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%	0.30	0.1
5%	0.50	0.1
10%	1.01	0.3

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 WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	10.50	0.05	31	0.2	0.32 (3.2%)
Jan 10	10.50	0.02	3	0.7	0.32 (3.2%)

5% Yield On WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	10.50	0.05	31	0.2	0.32 (3.2%)
Jan 10	10.50	0.02	3	0.7	0.32 (3.2%)

10% Yield On WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	11.50	0.09	31	0.3	1.32 (13.1%)
Jan 10	10.50	0.02	3	0.7	0.32 (3.2%)

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Want more examples? WBA Dividend | WBIF Dividend