YieldBoost American Vanguard Corp. From 1.5% To 9.3% Using Options

Shareholders of American Vanguard Corp. (AVD) looking to boost their income beyond the stock's 1.5% annualized dividend yield can sell the November covered call at the $15 strike and collect the premium based on the 30 cents bid, which annualizes to an additional 7.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.3% annualized rate in the scenario where the stock is not called away..