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 Mon 4:16 PM ET):

Workday, Inc. - Class A (WDAY)
Bid Ask Last Change Volume P/E Market Cap
218.72 218.98 218.99 -1.71 1.5M 103 58B

WDAY Dividend-Like Income Using Covered Calls

With WDAY at 218.99, 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% 6.57 1.8
5% 10.95 3.0
10% 21.90 6.0

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
Jan 2 220.00 1.50 5 30.0 1.02 (0.5%)
Feb 6 220.00 5.60 40 14.0 1.02 (0.5%)
5% Yield On WDAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 2 220.00 1.50 5 30.0 1.02 (0.5%)
Feb 6 220.00 5.60 40 14.0 1.02 (0.5%)
10% Yield On WDAY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 2 220.00 1.50 5 30.0 1.02 (0.5%)
Feb 6 220.00 5.60 40 14.0 1.02 (0.5%)

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