WPRT Dividend Type Payments

Westport Fuel Systems Inc - Common Shares dividend

Although WPRT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Westport Fuel Systems Inc - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Westport Fuel Systems Inc - Common Shares (WPRT)
Bid Ask Last Change Volume P/E Market Cap
3.38 3.51 3.43 -0.06 58K - 0.0B

WPRT Dividend-Like Income Using Covered Calls

With WPRT at 3.43, 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% 0.10 0.0
5% 0.17 0.0
10% 0.34 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 WPRT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 4.00 0.25 115 0.2 0.49 (14.3%)
5% Yield On WPRT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 4.00 0.25 115 0.2 0.49 (14.3%)
10% Yield On WPRT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 4.00 0.25 115 0.2 0.49 (14.3%)

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