WDFC Dividend

WD-40 Company dividend

Although WDFC has a dividend of 1.02 with an ex-dividend date of Jan 16, you can sell covered calls on WD-40 Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:50 AM ET):

WD-40 Company (WDFC)
Bid Ask Last Change Volume P/E Market Cap
199.00 200.75 199.82 -1.84 18K 30 2.7B

WDFC Dividend-Like Income Using Covered Calls

With WDFC at 199.82, 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% 5.99 1.6
5% 9.99 2.7
10% 19.98 5.5

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 WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 200.00 14.10 137 9.7 0.00 (0.0%)
Jan 16 200.00 7.00 18 34.7 0.00 (0.0%)
5% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 200.00 14.10 137 9.7 0.00 (0.0%)
Jan 16 200.00 7.00 18 34.7 0.00 (0.0%)
10% Yield On WDFC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 200.00 14.10 137 9.7 0.00 (0.0%)
Jan 16 200.00 7.00 18 34.7 0.00 (0.0%)

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