Dana Buy Write Rolls Into Dividend Next Week, Offers 55% Annualized Return Potential

If we earn the $0.10 per share dividend, and if DAN closes above $19 on September 15, we would be assigned and earn $1.20 per share on $17.90 at risk, or 6.7%. Over a 44-day holding period, that would be an annualized return of 55.6%.