WOOF Dividend Type Payments
Although WOOF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petco Health and Wellness Company, 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):
| Petco Health and Wellness Company, Inc. - Class A (WOOF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1.54 | 1.60 | 1.56 | +0.06 | 2.1M | - | 0.5B |
WOOF Dividend-Like Income Using Covered Calls
With WOOF at 1.56, 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% | 0.05 | 0.0 |
| 5% | 0.08 | 0.0 |
| 10% | 0.16 | 0.0 |
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 WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 20 | 2.50 | 0.05 | 143 | 0.0 | 0.90 (57.7%) | |
| Dec 20 | 2.00 | 0.15 | 234 | 0.1 | 0.40 (25.6%) | |
| 5% Yield On WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 20 | 2.50 | 0.05 | 143 | 0.0 | 0.90 (57.7%) | |
| Dec 20 | 2.00 | 0.15 | 234 | 0.1 | 0.40 (25.6%) | |
| 10% Yield On WOOF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 2.00 | 0.15 | 234 | 0.1 | 0.40 (25.6%) | |
| Jun 21 | 2.00 | 0.05 | 52 | 0.1 | 0.40 (25.6%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | FSLY dividend | |
| 2. | QQQ dividend | 7. | KWEB dividend | 2. | WOLF dividend | |
| 3. | HYG dividend | 8. | TSLA dividend | 3. | DASH dividend | |
| 4. | SPY dividend | 9. | SLV dividend | 4. | CGC dividend | |
| 5. | FXI dividend | 10. | AMZN dividend | 5. | DKNG dividend | |
Want more examples? WOOD Dividend | WOR Dividend
