Shareholders of Interpublic Group of Companies Inc. (NYSE: IPG) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2015 covered call at the $20 strike and collect the premium based on the 65 cents bid, which annualizes to an additional 2.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4.8% annualized rate in the scenario where the stock is not called away. Any upside above $...
Shareholders of Interpublic Group of Companies Inc. (NYSE: IPG) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2015 covered call at the $20 strike and collect the premium based on the 65 cents bid, which annualizes to an additional 2.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4.8% annualized rate in the scenario where the stock is not called away. Any upside above $...
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