YieldBoost APOG From 1.1% To 11.5% Using Options

Shareholders of Apogee Enterprises, Inc. (APOG) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the September covered call at the $40 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 10.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.5% annualized rate in the scenario where the stock is not called away..
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