YieldBoost Plantronics To 10.5% Using Options
April 17, 2014 at 11:40 AM EDT
Shareholders of Plantronics, Inc. (PLT) looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the August covered call at the $45 strike and collect the premium based on the $1.35 bid, which annualizes to an additional 9.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.5% annualized rate in the scenario where the stock is not called away..