WCN Dividend Type Payments

Waste Connections, Inc dividend

Although WCN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Waste Connections, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:05 AM ET):

Waste Connections, Inc (WCN)
Bid Ask Last Change Volume P/E Market Cap
97.18 97.24 97.22 +0.14 37K 47 26B

WCN Dividend-Like Income Using Covered Calls

With WCN at 97.22, 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% 2.92 0.8
5% 4.86 1.3
10% 9.72 2.7

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
Aug 16 100.00 0.85 31 2.7 2.76 (2.8%)
Sep 20 100.00 1.35 66 2.0 2.76 (2.8%)
5% Yield On WCN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 100.00 0.85 31 2.7 2.76 (2.8%)
Sep 20 100.00 1.35 66 2.0 2.76 (2.8%)
10% Yield On WCN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 100.00 0.85 31 2.7 2.76 (2.8%)

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