Shareholders of M & T Bank Corp (MTB) looking to boost their income beyond the stock's 3% annualized dividend yield can sell the March 2026 covered call at the $210 strike and collect the premium based on the $9.50 bid, which annualizes to an additional 9.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.5% annualized rate in the scenario where the stock is not called away. Any upside above $210 would be lost if the stock rises there and is called away, but MTB shares would have to advance 4.8% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.6% return from this trading level, in addition to any dividends collected before the stock was called.

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