WTW Dividend

Willis Towers Watson Public Limited Company - Ordinary Shares dividend

Although WTW has a dividend of 0.88 with an ex-dividend date of Dec 31, you can sell covered calls on Willis Towers Watson Public Limited Company - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:40 PM ET):

Willis Towers Watson Public Limited Company - Ordinary Shares (WTW)
Bid Ask Last Change Volume P/E Market Cap
310.15 310.35 310.35 -0.18 276K - 31B

WTW Dividend-Like Income Using Covered Calls

With WTW at 310.35, 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% 9.31 2.6
5% 15.52 4.3
10% 31.04 8.5

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 WTW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 310.00 2.20 3 61.7 0.00 (0.0%)
Jan 17 310.00 6.50 31 19.8 0.00 (0.0%)
5% Yield On WTW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 310.00 2.20 3 61.7 0.00 (0.0%)
Jan 17 310.00 6.50 31 19.8 0.00 (0.0%)
10% Yield On WTW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 310.00 2.20 3 61.7 0.00 (0.0%)
Jan 17 310.00 6.50 31 19.8 0.00 (0.0%)

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