Verizon: Time for covered call?

Currently the dividend yield is 6.46% and looks secure. The stock declined from mid 50’s to $40 and the 52 week low is $32.8, so it is 20% higher from the low’s but significantly down from last year. The results seems ok, but they did withdraw their long-term guidance, FWIW. If you sell $40 Jan 24 call you will get $3.45 in premium, and counting the dividends assuming you get called at the end, you will get 16.5% annualized return. Will you do it?