Strategy To YieldBoost Bank of New York Mellon From 2.9% To 10% Using Options
Shareholders of Bank of New York Mellon Corp (Symbol: BK) looking to boost their income beyond the stock’s 2.9% annualized dividend yield can sell the June 2025 covered call at the $62.50 strike and collect the premium based on the $4.30 bid, which annualizes to an additional 7.
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