Wednesday, April 22, 2015

Williams Partners WPZ

This 2011 and 2012 Dividend Machine has been maligned.  They merged with Access Midstream Partners.   WPZ's yield is a mighty 6.75%.

Today you can buy WPZ for about $50.45, sell a June $55 call for $.95 and get the May dividend of $.85.  

Take a look at the table below to see the benefits of this trade.


Disclosure:  Long WPZ with calls