YieldBoost Nordson To 17.2% Using Options
September 17, 2024 at 11:34 AM EDT
Shareholders of Nordson Corp. (NDSN) looking to boost their income beyond the stock's 1.2% annualized dividend yield can sell the December covered call at the $260 strike and collect the premium based on the $10.60 bid, which annualizes to an additional 16% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.2% annualized rate in the scenario where the stock is not called away..