WPRT Dividend Type Payments
Although WPRT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Westport Fuel Systems 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 Mon 9:45 AM ET):
| Westport Fuel Systems Inc - Common Shares (WPRT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.85 | 2.92 | 2.86 | -0.10 | 2K | - | 0.0B |
WPRT Dividend-Like Income Using Covered Calls
With WPRT at 2.86, 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% | 0.09 | 0.0 |
| 5% | 0.14 | 0.0 |
| 10% | 0.29 | 0.1 |
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 WPRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 3.00 | 0.40 | 166 | 0.2 | 0.08 (2.8%) | |
| Jul 18 | 3.00 | 0.20 | 75 | 0.3 | 0.08 (2.8%) | |
| 5% Yield On WPRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 3.00 | 0.40 | 166 | 0.2 | 0.08 (2.8%) | |
| Jul 18 | 3.00 | 0.20 | 75 | 0.3 | 0.08 (2.8%) | |
| 10% Yield On WPRT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 3.00 | 0.40 | 166 | 0.2 | 0.08 (2.8%) | |
| Jul 18 | 3.00 | 0.20 | 75 | 0.3 | 0.08 (2.8%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | IONQ dividend | |
| 3. | TLT dividend | 8. | TSLA dividend | 3. | EOSE dividend | |
| 4. | SLV dividend | 9. | GLD dividend | 4. | PINS dividend | |
| 5. | QQQ dividend | 10. | SNAP dividend | 5. | CVI dividend | |
Want more examples? WPP Dividend | WRAP Dividend
