YieldBoost Citizens Financial Group From 3.6% To 12.4% Using Options

Shareholders of Citizens Financial Group Inc (CFG) looking to boost their income beyond the stock's 3.6% annualized dividend yield can sell the January 2026 covered call at the $50 strike and collect the premium based on the $4.90 bid, which annualizes to an additional 8.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.4% annualized rate in the scenario where the stock is not called away. Any upside above $50 would be lost if the stock rises there and is called away, but CFG shares would have to climb 5.7% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 16% return from this trading level, in addition to any dividends collected before the stock was called.