WTFC Dividend Type Payments

Although WTFC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Wintrust Financial Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:30 PM ET):

Wintrust Financial Corporation (WTFC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
100.24	100.35	100.29	-0.44	61K	11	6.2B

WTFC Dividend-Like Income Using Covered Calls

With WTFC at 100.29, 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%	3.01	0.8
5%	5.01	1.4
10%	10.03	2.7

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 WTFC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	100.00	0.55	10	2.0	0.00 (0.0%)
Sep 20	100.00	6.40	136	4.4	0.00 (0.0%)

5% Yield On WTFC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	100.00	0.55	10	2.0	0.00 (0.0%)
Sep 20	100.00	6.40	136	4.4	0.00 (0.0%)

10% Yield On WTFC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 20	100.00	6.40	136	4.4	0.00 (0.0%)
Dec 20	100.00	8.50	227	3.6	0.00 (0.0%)

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Want more examples? WTBA Dividend | WTI Dividend