YieldBoost Belo Corp. To 6.5%

Shareholders of Belo Corp. (NYSE: BLC) looking to boost their income beyond the stock's 2.2% annualized dividend yield can sell the September covered call at the $15 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 4.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6.5% annualized rate in the scenario where the stock is not called away. Any upside above $15 would be lost if the stock...