Shareholders of A-Mark Precious Metals, Inc (AMRK) looking to boost their income beyond the stock's 2.9% annualized dividend yield can sell the September covered call at the $35 strike and collect the premium based on the $1.30 bid, which annualizes to an additional 7.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.9% annualized rate in the scenario where the stock is not called away. Any upside above $35 would be lost if the stock rises there and is called away, but AMRK shares would have to advance 24.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 29.6% return from this trading level, in addition to any dividends collected before the stock was called. Read More »

On 1/12/24, A-Mark Precious Metals, Inc (AMRK) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 1/29/24. As a percentage of AMRK's recent stock price of $28.69, this dividend works out to approximately 0.70%, so look for shares of A-Mark Precious Metals, Inc to trade 0.70% lower — all else being equal — when AMRK shares open for trading on 1/12/24. Read More »

Enterprise Products Partners (EPD) declared a quarterly cash distribution to be paid to Enterprise common unitholders with respect to the fourth quarter of 2023 of $0.515 per unit, or $2.06 per unit on an annualized basis. The quarterly distribution will be paid Wednesday, February 14, 2024, to common unitholders of record as of the close of business Wednesday, January 31, 2024. This distribution represents a 5.1 percent increase over the distribution declared with respect to the fourth quarter of 2022, and a 3 percent increase over the distribution declared with respect to the third quarter of 2023. Read More »

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Zacks Multi-Asset Income ETF (CVY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $25.87 per unit. Read More »