YieldBoost Apogee Enterprises To 11.6% Using Options

Shareholders of Apogee Enterprises, Inc. (APOG) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the November covered call at the $60 strike and collect the premium based on the $2.00 bid, which annualizes to an additional 10.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.6% annualized rate in the scenario where the stock is not called away..