How To YieldBoost IRDM To 38.2% Using Options

Iridium Communications shareholders can enhance income by selling the October $60 covered call against the stock's 1.2% annualized dividend yield, with the option premium at a $7.40 bid annualizing to about 37% additional return. The article is a strategy note rather than a company-specific operational update, so the immediate market impact is limited.

Analysis

Iridium Communications shareholders can enhance income by selling the October $60 covered call against the stock's 1.2% annualized dividend yield, with the option premium at a $7.40 bid annualizing to about 37% additional return. The article is a strategy note rather than a company-specific operational update, so the immediate market impact is limited.