YieldBoost Worthington Industries To 24.6% Using Options
January 15, 2020 at 12:36 PM EST
Shareholders of Worthington Industries, Inc. (WOR) looking to boost their income beyond the stock's 2.3% annualized dividend yield can sell the January covered call at the $45 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 22.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 24.6% annualized rate in the scenario where the stock is not called away..
