John Dobosz, editor of Forbes Dividend Investor and Forbes Premium Income Report, discusses his approach to generating equity income by investing in undervalued dividend stocks and selling options for additional income. Dobosz looks for dividend stocks trading at discounts to historical valuations on multiples of price to sales, earnings, cash flow, book value, and enterprise value to EBITDA. In addition, he requires companies to have positive operating cash flow over the past 12 months, with dividends covered comfortably by cash flow. When selling options, he targets theoretical annualized returns of at least 15% for holding periods typically between 20 and 50 days. Members will learn an approach to generating equity income from undervalued dividend stocks and selling options, along with key indicators for choosing those stocks. They will also gain insight into how to identify attractive options selling opportunities.