WWW Dividend

Although WWW has a dividend of 0.10 with an ex-dividend date of Apr 1, you can sell covered calls on Wolverine World Wide, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:15 AM ET):

Wolverine World Wide, Inc. (WWW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.63	13.69	13.66	+0.05	92K	24	1.1B

WWW Dividend-Like Income Using Covered Calls

With WWW at 13.66, 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%	0.41	0.1
5%	0.68	0.2
10%	1.37	0.4

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 WWW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	15.00	0.40	37	1.1	1.31 (9.6%)
Sep 19	15.00	1.65	192	0.9	1.31 (9.6%)

5% Yield On WWW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	15.00	0.40	37	1.1	1.31 (9.6%)
Sep 19	15.00	1.65	192	0.9	1.31 (9.6%)

10% Yield On WWW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	15.00	0.40	37	1.1	1.31 (9.6%)
Sep 19	15.00	1.65	192	0.9	1.31 (9.6%)

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

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	PATH dividend
2.	SPY dividend	7.	KWEB dividend	2.	S dividend
3.	IWM dividend	8.	INTC dividend	3.	DG dividend
4.	FXI dividend	9.	TSLA dividend	4.	WOLF dividend
5.	EEM dividend	10.	SLV dividend	5.	RCAT dividend

Want more examples? WWR Dividend | WY Dividend