WRE Dividend

WASHINGTON REIT dividend

Although WRE has a dividend of 0.30 with an ex-dividend date of Sep 13, you can sell covered calls on WASHINGTON REIT to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:50 AM ET):

WASHINGTON REIT (WRE)
Bid Ask Last Change Volume P/E Market Cap
31.64 31.65 31.64 +0.27 53K 131 2.5B

WRE Dividend-Like Income Using Covered Calls

With WRE at 31.64, 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% 0.95 0.3
5% 1.58 0.4
10% 3.16 0.9

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:

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.TSLA dividend
2.SPY dividend 7.GLD dividend   2.UVXY dividend
3.SPX dividend 8.FB dividend   3.AKRX dividend
4.QQQ dividend 9.IWM dividend   4.I dividend
5.XLF dividend 10.GDX dividend   5.LB dividend

Want more examples? WRD Dividend | WREI Dividend