Newell Rubbermaid (NWL) Appears On Investors Observer Hedged Dividend Income List
Posted: Tuesday, February 09, 2010 8:29 AM EDT
By: Market Intelligence Center Staff
Newell Rubbermaid (NYSE: NWL) closed yesterday at $13.58. So far the stock has hit a 52-week low of $4.51 and 52-week high of $16.10. Newell Rubbermaid stock has been showing support around 13.26 and resistance in the 14.08 range. Technical indicators for the stock are Bearish and S&P gives NWL a neutral 3 STAR (out of 5) hold rating. NWL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '11 12.50 covered call for a net debit in the $11.43 area. That is also the break even stock price for this trade. This covered call has a 347 day duration, provides 15.83% downside protection and a 9.36% assigned return rate for a 9.85% annualized return rate (comparison purposes only). Newell Rubbermaid has a current annual dividend yield of 1.47%. [ATU-Seven Summits Research]
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