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How To YieldBoost Griffon From 1% To 16% Using Options

Shareholders of Griffon Corp. (GFF) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the December covered call at the $75 strike and collect the premium based on the $6.00 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 16% annualized rate in the scenario where the stock is not called away..
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