KWR Dividend

Quaker Chemical Corp dividend

Although KWR has a dividend of 0.37 with an ex-dividend date of Jan 16, you can sell covered calls on Quaker Chemical Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:50 AM ET):

Quaker Chemical Corp (KWR)
Bid Ask Last Change Volume P/E Market Cap
193.00 196.80 197.93 +2.01 0K - 0.0B

KWR Dividend-Like Income Using Covered Calls

With KWR at 197.93, 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% 5.94 1.6
5% 9.90 2.7
10% 19.79 5.4

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 KWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 200.00 3.50 37 9.5 3.20 (1.6%)
Jul 19 230.00 4.50 219 2.1 33.20 (16.8%)
5% Yield On KWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 200.00 3.50 37 9.5 3.20 (1.6%)
Jul 19 220.00 7.50 219 3.4 23.20 (11.7%)
10% Yield On KWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 200.00 3.50 37 9.5 3.20 (1.6%)
Jul 19 200.00 15.50 219 7.1 3.20 (1.6%)

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