WSC Dividend Type Payments
Although WSC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on WillScot Mobile Mini Holdings Corp. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:55 PM ET):
WillScot Mobile Mini Holdings Corp. - Class A (WSC) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
38.98 |
39.00 |
39.00 |
+0.28 |
785K |
16 |
7.7B |
WSC Dividend-Like Income Using Covered Calls
With WSC at 39.00, 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% |
1.17 |
0.3 |
5% |
1.95 |
0.5 |
10% |
3.90 |
1.1 |
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 WSC Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
40.00 |
1.10 |
19 |
5.8 |
1.00 (2.6%) |
Oct 18 |
40.00 |
3.50 |
173 |
2.0 |
1.00 (2.6%) |
5% Yield On WSC Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
40.00 |
1.10 |
19 |
5.8 |
1.00 (2.6%) |
Oct 18 |
40.00 |
3.50 |
173 |
2.0 |
1.00 (2.6%) |
10% Yield On WSC Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
40.00 |
1.10 |
19 |
5.8 |
1.00 (2.6%) |
Oct 18 |
40.00 |
3.50 |
173 |
2.0 |
1.00 (2.6%) |
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