How To YieldBoost Worthington Industries To 14.3% Using Options
June 24, 2015 at 11:46 AM EDT
Shareholders of Worthington Industries, Inc. (WOR) looking to boost their income beyond the stock's 2.6% annualized dividend yield can sell the December covered call at the $30 strike and collect the premium based on the $1.60 bid, which annualizes to an additional 11.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 14.3% annualized rate in the scenario where the stock is not called away..