WDAY Dividend Type Payments

Workday, Inc. - Class A dividend

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

Workday, Inc. - Class A (WDAY)
Bid Ask Last Change Volume P/E Market Cap
228.00 236.50 233.46 -5.73 1.8M 133 64B

WDAY Dividend-Like Income Using Covered Calls

With WDAY at 233.46, 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% 7.00 1.9
5% 11.67 3.2
10% 23.35 6.4

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 WDAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 240.00 4.60 38 12.1 3.50 (1.5%)
Jul 3 237.50 1.40 9 15.6 1.00 (0.4%)
5% Yield On WDAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 240.00 4.60 38 12.1 3.50 (1.5%)
Jul 3 237.50 1.40 9 15.6 1.00 (0.4%)
10% Yield On WDAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 1 240.00 4.60 38 12.1 3.50 (1.5%)
Jul 3 237.50 1.40 9 15.6 1.00 (0.4%)

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