YieldBoost Mobile Mini From 1.7% To 9% Using Options
August 21, 2014 at 11:36 AM EDT
Shareholders of Mobile Mini, Inc. (MINI) looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the November covered call at the $45 strike and collect the premium based on the 75 cents bid, which annualizes to an additional 7.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9% annualized rate in the scenario where the stock is not called away..