CWK Dividend Type Payments
Although CWK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cushman & Wakefield plc Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:25 PM ET):
Cushman & Wakefield plc Ordinary Shares (CWK) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
9.84 |
9.85 |
9.85 |
+0.12 |
617K |
- |
2.2B |
CWK Dividend-Like Income Using Covered Calls
With CWK at 9.85, 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% |
0.30 |
0.1 |
5% |
0.49 |
0.1 |
10% |
0.99 |
0.3 |
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 CWK Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
10.00 |
1.40 |
201 |
0.7 |
0.15 (1.5%) |
Aug 16 |
10.00 |
0.95 |
110 |
0.9 |
0.15 (1.5%) |
5% Yield On CWK Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
10.00 |
1.40 |
201 |
0.7 |
0.15 (1.5%) |
Aug 16 |
10.00 |
0.95 |
110 |
0.9 |
0.15 (1.5%) |
10% Yield On CWK Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
10.00 |
1.40 |
201 |
0.7 |
0.15 (1.5%) |
Aug 16 |
10.00 |
0.95 |
110 |
0.9 |
0.15 (1.5%) |
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