WOR Dividend

Although WOR has a dividend of 0.19 with an ex-dividend date of Dec 15, you can sell covered calls on Worthington Enterprises, Inc. Common Shares 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):

Worthington Enterprises, Inc. Common Shares (WOR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
55.00	61.42	58.54	+0.82	187K	27	2.9B

WOR Dividend-Like Income Using Covered Calls

With WOR at 58.54, 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%	1.76	0.5
5%	2.93	0.8
10%	5.85	1.6

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 WOR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	65.00	1.15	57	2.0	3.58 (6.1%)
Nov 21	65.00	0.20	29	0.7	3.58 (6.1%)

5% Yield On WOR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	65.00	1.15	57	2.0	3.58 (6.1%)
Apr 17	65.00	3.20	176	1.8	3.58 (6.1%)

10% Yield On WOR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	65.00	1.15	57	2.0	3.58 (6.1%)
Apr 17	65.00	3.20	176	1.8	3.58 (6.1%)

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Want more examples? WOOF Dividend | WOW Dividend