Sydney Airports reported March quarter traffic growth of 6%, with International up 11% and domestic up 3.5%.
Total passenger volume was up 4% on the same time last year.
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We’re comfortable buying SYD and selling a $7.00 call option to enhance the yield.
A combination of the dividend and the option premium is generating 10%+ cash flow on an annualised basis.
SYD goes ex-div on the 29th June for 16.5 cents per share.
