WDFC Dividend Type Payments

WD-40 Company dividend

Although WDFC has no upcoming (meaning, Board-approved and announced) dividends, 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
228.35 243.33 238.62 +1.60 103K 45 3.2B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 238.62, 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% 7.16 2.0
5% 11.93 3.3
10% 23.86 6.5

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 15 250.00 11.00 169 6.5 6.67 (2.8%)
May 16 250.00 4.00 78 5.1 6.67 (2.8%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 250.00 11.00 169 6.5 6.67 (2.8%)
May 16 250.00 4.00 78 5.1 6.67 (2.8%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 260.00 3.80 49 7.8 16.67 (7.0%)

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

 
 
Top 10 Open Interest For Mar 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.KWEB dividend   1.BBAI dividend
2.SPY dividend 7.QQQ dividend   2.TGTX dividend
3.FXI dividend 8.INTC dividend   3.CIFR dividend
4.IWM dividend 9.TLT dividend   4.WOLF dividend
5.EEM dividend 10.SLV dividend   5.GAP dividend

Want more examples? WDC Dividend | WDIV Dividend