Shareholders of La-Z-Boy Inc. looking to boost their income beyond the stock's 0.7% annualized dividend yield can sell the April 2014 covered call at the $25 strike and collect the premium based on the $1.40 bid, which annualizes to an additional 12.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 13.1% annualized rate in the scenario where the stock is not called away.
La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2014
first-quarter operating results after the close of trading on the New
York Stock Exchange on Tuesday, August 20, 2013, and will hold its
quarterly investor...
La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2013
third-quarter operating results after the close of trading on the New
York Stock Exchange on Tuesday, February 19, 2013, and will hold its
quarterly...
La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2013
second-quarter operating results after the close of trading on the New
York Stock Exchange on Wednesday, November 28, 2012, and will hold its
quarterly...