WWD Dividend Type Payments

Woodward, Inc. dividend

Although WWD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Woodward, Inc. 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):

Woodward, Inc. (WWD)
Bid Ask Last Change Volume P/E Market Cap
167.63 168.09 167.93 -4.70 168K 29 10B

WWD Dividend-Like Income Using Covered Calls

With WWD at 167.93, 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% 5.04 1.4
5% 8.40 2.3
10% 16.79 4.6

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 WWD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 170.00 0.80 3 26.7 1.91 (1.1%)
Jan 17 170.00 3.60 31 11.6 1.91 (1.1%)
5% Yield On WWD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 170.00 0.80 3 26.7 1.91 (1.1%)
Jan 17 170.00 3.60 31 11.6 1.91 (1.1%)
10% Yield On WWD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 170.00 0.80 3 26.7 1.91 (1.1%)
Jan 17 170.00 3.60 31 11.6 1.91 (1.1%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
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? WW Dividend | WWJD Dividend