WTS Dividend Type Payments
Although WTS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Watts Water Technologies, 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 Fri 4:16 PM ET):
Watts Water Technologies, Inc. Class A (WTS) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
194.49 | 220.17 | 211.00 | +4.61 | 137K | 24 | 6.9B |
WTS Dividend-Like Income Using Covered Calls
With WTS at 211.00, 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% | 6.33 | 1.7 |
5% | 10.55 | 2.9 |
10% | 21.10 | 5.8 |
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 WTS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 220.00 | 9.00 | 190 | 4.6 | 0.00 (0.0%) | |
Jun 20 | 220.00 | 5.10 | 99 | 5.0 | 0.00 (0.0%) |
5% Yield On WTS Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 19 | 220.00 | 9.00 | 190 | 4.6 | 0.00 (0.0%) | |
Jun 20 | 220.00 | 5.10 | 99 | 5.0 | 0.00 (0.0%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | KWEB dividend | 2. | ZIM dividend | |
3. | IWM dividend | 8. | TSLA dividend | 3. | RGTI dividend | |
4. | FXI dividend | 9. | INTC dividend | 4. | SLNO dividend | |
5. | QQQ dividend | 10. | TLT dividend | 5. | SOUN dividend |
Want more examples? WTRG Dividend | WTTR Dividend