YieldBoost James River Group Holdings From 2.3% To 82.2% Using Options
April 11, 2024 at 11:32 AM EDT
Shareholders of James River Group Holdings Ltd. (JRVR) looking to boost their income beyond the stock's 2.3% annualized dividend yield can sell the April covered call at the $10 strike and collect the premium based on the 15 cents bid, which annualizes to an additional 79.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 82.2% annualized rate in the scenario where the stock is not called away..
