WTI Dividend Type Payments

W&T Offshore, Inc. dividend

Although WTI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on W&T Offshore, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

W&T Offshore, Inc. (WTI)
Bid Ask Last Change Volume P/E Market Cap
2.03 2.08 2.07 -0.03 855K - 0.3B

WTI Dividend-Like Income Using Covered Calls

With WTI at 2.07, 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% 0.06 0.0
5% 0.10 0.0
10% 0.21 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 WTI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.10 75 0.1 0.42 (20.3%)
Apr 17 3.00 0.10 166 0.1 0.92 (44.4%)
5% Yield On WTI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.10 75 0.1 0.42 (20.3%)
Apr 17 3.00 0.10 166 0.1 0.92 (44.4%)
10% Yield On WTI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 2.50 0.10 75 0.1 0.42 (20.3%)
Apr 17 3.00 0.10 166 0.1 0.92 (44.4%)

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Want more examples? WTFC Dividend | WTID Dividend