Dividend Sweetens Corning Buy Write With 32% Annualized Return Potential

If we earn the $0.28 dividend at the end of this month, and if Corning closes above $34 at expiration on September 15, we would earn $1.28 per share on $33.00 per share at risk, or 3.88%. Over 44 days, that would be an annualized return of 32.2%.