WDFC Dividend

WD-40 Company dividend

Although WDFC has a dividend of 0.94 with an ex-dividend date of Oct 20, 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
180.51 199.00 194.48 +5.01 112K 30 2.6B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 194.48, 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% 5.83 1.6
5% 9.72 2.7
10% 19.45 5.3

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 WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 6.20 64 9.7 1.00 (0.5%)
Nov 21 200.00 4.90 36 13.6 1.00 (0.5%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 6.20 64 9.7 1.00 (0.5%)
Nov 21 200.00 4.90 36 13.6 1.00 (0.5%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 200.00 6.20 64 9.7 1.00 (0.5%)
Nov 21 200.00 4.90 36 13.6 1.00 (0.5%)

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