YieldBoost Procter & Gamble From 3.2% To 4.1% Using Options

Shareholders of Procter & Gamble Co. (PG) looking to boost their income beyond the stock's 3.2% annualized dividend yield can sell the January 2016 covered call at the $92.50 strike and collect the premium based on the $1.19 bid, which annualizes to an additional 0.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4.1% annualized rate in the scenario where the stock is not called away..