WBD Dividend Type Payments

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

Warner Bros. Discovery, Inc. - Series A (WBD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.83	18.86	18.87	+2.70	285M	54	40B

WBD Dividend-Like Income Using Covered Calls

With WBD at 18.87, 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%	0.57	0.2
5%	0.94	0.3
10%	1.89	0.5

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 WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	19.00	1.31	22	6.0	0.14 (0.7%)
Oct 10	19.00	1.37	29	4.7	0.14 (0.7%)

5% Yield On WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	19.00	1.31	22	6.0	0.14 (0.7%)
Oct 10	19.00	1.37	29	4.7	0.14 (0.7%)

10% Yield On WBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	19.00	1.31	22	6.0	0.14 (0.7%)
Oct 10	19.00	1.37	29	4.7	0.14 (0.7%)

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Want more examples? WBA Dividend | WBIF Dividend