JW.A Dividend Type Payments

Although JW.A has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JOHN WILEY & SONS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

JOHN WILEY & SONS (JW.A)
Bid Ask Last Change Volume P/E Market Cap
52.00 58.40 58.40 +0.85 292K 16 3.3B

JW.A Dividend-Like Income Using Covered Calls

With JW.A at 58.40, here's a table showing how big the annual "dividend" (ie. 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% 1.75 0.5
5% 2.92 0.8
10% 5.84 1.6

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:

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Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
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Want more examples? JVAL Dividend | JWN Dividend