WOOF Dividend Type Payments

Although WOOF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petco Health and Wellness Company, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:45 PM ET):

Petco Health and Wellness Company, Inc. - Class A (WOOF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
4.11	4.12	4.12	-0.32	2.9M	-	1.4B

WOOF Dividend-Like Income Using Covered Calls

With WOOF at 4.12, 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%	0.12	0.0
5%	0.21	0.1
10%	0.41	0.1

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 WOOF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	4.50	0.10	3	3.3	0.38 (9.2%)
Jan 17	4.50	0.25	31	0.8	0.38 (9.2%)

5% Yield On WOOF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	4.50	0.10	3	3.3	0.38 (9.2%)
Jan 17	4.50	0.25	31	0.8	0.38 (9.2%)

10% Yield On WOOF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	4.50	0.10	3	3.3	0.38 (9.2%)
Jan 17	4.50	0.25	31	0.8	0.38 (9.2%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RGTI dividend
2.	SPY dividend	7.	IWM dividend	2.	QBTS dividend
3.	XLF dividend	8.	KWEB dividend	3.	MU dividend
4.	QQQ dividend	9.	TLT dividend	4.	QUBT dividend
5.	FXI dividend	10.	TSLA dividend	5.	FDX dividend

Want more examples? WOOD Dividend | WOR Dividend