YieldBoost Columbus McKinnon From 0.6% To 9.2% Using Options

Shareholders of Columbus McKinnon Corp. (CMCO) looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the June 2015 covered call at the $30 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 8.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.2% annualized rate in the scenario where the stock is not called away..