How To YieldBoost Northern Trust Corp. From 2.4% To 11% Using Options

Shareholders of Northern Trust Corp. (NTRS) looking to boost their income beyond the stock's 2.4% annualized dividend yield can sell the July covered call at the $65 strike and collect the premium based on the $2.50 bid, which annualizes to an additional 8.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11% annualized rate in the scenario where the stock is not called away..