WERN Dividend

Werner Enterprises, Inc dividend

Although WERN has a dividend of 0.09 with an ex-dividend date of Dec 31, you can sell covered calls on Werner Enterprises, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Werner Enterprises, Inc (WERN)
Bid Ask Last Change Volume P/E Market Cap
30.04 32.62 30.04 -0.97 1.2M - 0.0B

WERN Dividend-Like Income Using Covered Calls

With WERN at 30.04, 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% 0.90 0.2
5% 1.50 0.4
10% 3.00 0.8

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 WERN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.40 92 0.4 2.38 (7.9%)
Jun 21 35.00 1.15 190 0.6 2.38 (7.9%)
5% Yield On WERN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.40 92 0.4 2.38 (7.9%)
Jun 21 35.00 1.15 190 0.6 2.38 (7.9%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

Want more examples? WEN Dividend | WES Dividend