Shareholders of Columbus McKinnon Corp. (CMCO) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the March covered call at the $22.50 strike and collect the premium based on the 50 cents bid, which annualizes to an additional 25.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 27.2% annualized rate in the scenario where the stock is not called away..