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 Mon 4:16 PM ET):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
201.17 226.00 206.42 -4.61 211K 33 2.9B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 206.42, 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% 6.19 1.7
5% 10.32 2.8
10% 20.64 5.7

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 19 230.00 2.65 96 2.8 4.00 (1.9%)
Nov 21 230.00 2.55 68 3.8 4.00 (1.9%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 230.00 2.55 68 3.8 4.00 (1.9%)

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