WB Dividend Type Payments

Weibo Corporation - American Depositary Shares dividend

Although WB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Weibo Corporation - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:45 AM ET):

Weibo Corporation - American Depositary Shares (WB)
Bid Ask Last Change Volume P/E Market Cap
10.13 10.14 10.14 0.00 104K 5.8 0.2B

WB Dividend-Like Income Using Covered Calls

With WB at 10.14, 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% 0.51 0.1
10% 1.01 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 WB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 12.50 0.10 110 0.1 2.36 (23.3%)
Jun 18 12.50 0.35 172 0.2 2.36 (23.3%)
5% Yield On WB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 12.50 0.35 172 0.2 2.36 (23.3%)

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