How To YieldBoost SMG From 3.9% To 8.6% Using Options
Shareholders of Scotts Miracle-Gro Co (Symbol: SMG) looking to boost their income beyond the stock’s 3.9% annualized dividend yield can sell the January 2027 covered call at the $95 strike and collect the premium based on the $6.40 bid, which annualizes to an additional 4.6% rat