YieldBoost APOG To 12.1% 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 August covered call at the $55 strike and collect the premium based on the $2.05 bid, which annualizes to an additional 11.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.1% annualized rate in the scenario where the stock is not called away..