Shareholders of Kenvue Inc (KVUE) looking to boost their income beyond the stock's 4% annualized dividend yield can sell the June covered call at the $22 strike and collect the premium based on the 68 cents bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12% annualized rate in the scenario where the stock is not called away. Any upside above $22 would be lost if the stock rises there and is called away, but KVUE shares would have to climb 6.2% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 9.5% return from this trading level, in addition to any dividends collected before the stock was called.