Strategy To YieldBoost ITW From 2.5% To 8.6% Using Options

Shareholders of Illinois Tool Works, Inc. (Symbol: ITW) looking to boost their income beyond the stock’s 2.5% annualized dividend yield can sell the March 2026 covered call at the $280 strike and collect the premium based on the $8.00 bid, which annualizes to an additional 6.1%