Back to top

YieldBoost Colony Bankcorp From 4.2% To 10.6% Using Options

Shareholders of Colony Bankcorp, Inc. (CBAN) looking to boost their income beyond the stock's 4.2% annualized dividend yield can sell the October covered call at the $20 strike and collect the premium based on the 40 cents bid, which annualizes to an additional 6.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.6% annualized rate in the scenario where the stock is not called away..

Read full article here »

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Colony Bankcorp, Inc. (CBAN)