PWR Dividend Type Payments

Quanta Services, Inc. dividend

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

Quanta Services, Inc. (PWR)
Bid Ask Last Change Volume P/E Market Cap
321.70 326.85 322.62 +1.48 1.0M 52 48B

PWR Dividend-Like Income Using Covered Calls

With PWR at 322.62, 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% 9.68 2.7
5% 16.13 4.4
10% 32.26 8.8

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 PWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 330.00 22.50 103 21.8 3.15 (1.0%)
May 16 330.00 4.80 12 40.0 3.15 (1.0%)
5% Yield On PWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 330.00 22.50 103 21.8 3.15 (1.0%)
May 16 330.00 4.80 12 40.0 3.15 (1.0%)
10% Yield On PWR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 330.00 22.50 103 21.8 3.15 (1.0%)
May 16 330.00 4.80 12 40.0 3.15 (1.0%)

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Want more examples? PWP Dividend | PWRD Dividend