WPC Dividend Type Payments

W. P. Carey Inc. REIT dividend

Although WPC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on W. P. Carey Inc. REIT 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):

W. P. Carey Inc. REIT (WPC)
Bid Ask Last Change Volume P/E Market Cap
66.01 67.74 66.81 -1.09 953K 45 15B

WPC Dividend-Like Income Using Covered Calls

With WPC at 66.81, 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% 2.00 0.5
5% 3.34 0.9
10% 6.68 1.8

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 WPC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 0.35 57 0.6 2.26 (3.4%)
Nov 21 70.00 0.35 29 1.2 2.26 (3.4%)
5% Yield On WPC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 70.00 0.35 29 1.2 2.26 (3.4%)
Jan 16 70.00 1.05 85 1.2 2.26 (3.4%)

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Want more examples? WOW Dividend | WPM Dividend