Shareholders of Natural Grocers By Vitamin Cottage Inc (NGVC) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the March 2025 covered call at the $45 strike and collect the premium based on the $3.40 bid, which annualizes to an additional 28.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 29.8% annualized rate in the scenario where the stock is not called away. Any upside above $45 would be lost if the stock rises there and is called away, but NGVC shares would have to advance 2.9% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 10.7% return from this trading level, in addition to any dividends collected before the stock was called.