WDFC Dividend

WD-40 Company dividend

Although WDFC has a dividend of 0.94 with an ex-dividend date of Jul 18, you can sell covered calls on WD-40 Company 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):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
223.01 227.63 223.33 -1.57 309K 36 3.0B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 223.33, 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% 6.70 1.8
5% 11.17 3.1
10% 22.33 6.1

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 WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 230.00 2.20 36 6.1 2.37 (1.1%)
Dec 19 230.00 10.60 162 6.5 2.37 (1.1%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 230.00 2.20 36 6.1 2.37 (1.1%)
Dec 19 230.00 10.60 162 6.5 2.37 (1.1%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 230.00 10.60 162 6.5 2.37 (1.1%)
Nov 21 230.00 9.60 134 7.2 2.37 (1.1%)

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