How To YieldBoost Entravision Communications Corp. To 23.6% Using Options
January 13, 2020 at 13:13 PM EST
Shareholders of Entravision Communications Corp. (EVC) looking to boost their income beyond the stock's 8.7% annualized dividend yield can sell the August covered call at the $2.50 strike and collect the premium based on the 20 cents bid, which annualizes to an additional 14.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 23.6% annualized rate in the scenario where the stock is not called away..