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H&R Block through its subsidiaries, provides tax preparation, retail banking and various business advisory and consulting services.
Yield: 5.49% Dividend Amount: $0.20 Ex-Dividend Date: June 07, 2012 Beta: 0.61
Strategy: Buy H&R Block stock and offer to sell the June $14.00 strike or lower call for 29 cents over the intrinsic value. I will look to close out the covered option with a gain of about 11 cents, plus the quarterly dividend paid by the company.
If my shares are called away the day before trading ex-dividend (resulting from the option buyer wanting the dividend), I gain about 29 cents. The most I can make is 49 cents if I hold the covered call through option expiration day and the stock gets called away.
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