YieldBoost Forward Air Corp To 5.7%

Shareholders of Forward Air Corp (NASD: FWRD) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the March 2014 covered call at the $40 strike and collect the premium based on the $1.05 bid, which annualizes to an additional 4.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.7% annualized rate in the scenario where the stock is not called away. Any upside above $40 would be lost if the...