How To YieldBoost Columbia Banking System From 1.7% To 9.5%

Shareholders of Columbia Banking System, Inc. (NASD: COLB) looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the October covered call at the $25 strike and collect the premium based on the 30 cents bid, which annualizes to an additional 7.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.5% annualized rate in the scenario where the stock is not called away. Any upside above $25 would b...