WCN Dividend

Although WCN has a dividend of 0.29 with an ex-dividend date of May 7, you can sell covered calls on Waste Connections, Inc. Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:00 AM ET):

Waste Connections, Inc. Common Shares (WCN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
161.63	161.83	161.72	-4.46	191K	56	43B

WCN Dividend-Like Income Using Covered Calls

With WCN at 161.72, 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%	4.85	1.3
5%	8.09	2.2
10%	16.17	4.4

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 WCN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	165.00	1.40	23	6.1	3.17 (2.0%)
Jun 21	165.00	2.65	58	4.6	3.17 (2.0%)

5% Yield On WCN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	165.00	1.40	23	6.1	3.17 (2.0%)
Jun 21	165.00	2.65	58	4.6	3.17 (2.0%)

10% Yield On WCN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	165.00	1.40	23	6.1	3.17 (2.0%)
Jun 21	165.00	2.65	58	4.6	3.17 (2.0%)

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Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
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5.	FXI dividend	10.	NVDA dividend	5.	PENN dividend

Want more examples? WCLD Dividend | WD Dividend