Covered Calls With Upcoming Dividends

This report lists what Tim considers to be the best dividend stocks for producing covered call option income with an upcoming ex-dividend date. The idea of this strategy is to collect premium from the covered call, and either have the stock get called away before the ex-dividend date, called away after the ex-dividend date and collect the dividend income, or not be called away at all (and keep all of the premium and dividend income). The criteria for the stocks on this list are that they must have a market cap of $10 billion or greater, have a dividend yield between 2% and 10%, a dividend payout ratio percentage of 90% or less, a liquidity rating of 2 stars or greater, an Algorithm score of 12 or higher, have made at least 10 dividend payments over the last 5 years, and have an upcoming ex-dividend date within the next 45 days. The report is sorted in order of the nearest upcoming dividend date and is intended to find solid dividend stocks that are ideal for selling covered calls on. The report also has direct links to the options chain page for each stock as well.

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Ticker Company Options Chain Bid Ask Premium Return on Investment Premium to Strike Price Ratio Implied Volatility Delta Theta Underlying Stock Price Strike Price Contract Expiration Earnings Overlap? Ex-Dividend Date Previous Dividend Amount Current Dividend Amount 5-Year Dividend Payments Count Total Years Dividends Increasing Liquidity Rating Algorithm Score Safety Score Lists
MSFT Microsoft Corporation Options Chain 13.10 15.65 14.38
Profitability Analysis 4.73%
0.04 0.29 0.51 -0.19 382.14 385.00 5/16/2025 Yes 5/15 0.83 0.83 21 20 15 69 None
AXP American Express Company Options Chain 11.45 12.15 11.80
Profitability Analysis 4.49%
0.04 0.33 0.53 -0.15 275.25 275.00 5/9/2025 Yes 4/04 0.70 0.82 21 3 13 69 None
AXP American Express Company Options Chain 9.55 10.25 9.90
Profitability Analysis 5.62%
0.04 0.32 0.46 -0.14 275.25 280.00 5/16/2025 Yes 4/04 0.70 0.82 21 3 13 69 None
JPM JPMorgan Chase & Company Options Chain 9.75 9.95 9.85
Profitability Analysis 4.24%
0.04 0.28 0.53 -0.10 245.82 245.00 5/16/2025 Yes 4/04 1.25 1.40 21 14 16 78 None
WSM Williams-Sonoma Inc Options Chain 9.40 9.80 9.60
Profitability Analysis 6.21%
0.06 0.41 0.53 -0.11 165.01 165.00 5/16/2025 No 4/17 0.57 0.66 21 19 14 66 None
ORCL Oracle Corp Options Chain 7.20 8.15 7.68
Profitability Analysis 5.02%
0.05 0.37 0.55 -0.09 145.86 145.00 5/16/2025 No 4/10 0.40 0.50 21 11 10 63 None
JPM JPMorgan Chase & Company Options Chain 7.20 7.40 7.30
Profitability Analysis 5.24%
0.03 0.27 0.44 -0.10 245.82 250.00 5/16/2025 Yes 4/04 1.25 1.40 21 14 16 78 None
WSM Williams-Sonoma Inc Options Chain 7.00 7.40 7.20
Profitability Analysis 7.79%
0.04 0.40 0.45 -0.10 165.01 170.00 5/16/2025 No 4/17 0.57 0.66 21 19 14 66 None
DRI Darden Restaurants Inc Options Chain 6.60 7.00 6.80
Profitability Analysis 4.12%
0.03 0.25 0.50 -0.07 209.57 210.00 5/16/2025 No 4/10 1.40 1.40 19 4 11 69 None
DELL Dell Technologies Inc - Class C Options Chain 5.90 6.15 6.03
Profitability Analysis 6.53%
0.06 0.45 0.54 -0.07 95.33 95.00 5/16/2025 No 4/22 0.45 0.53 13 3 16 64 None
ZTS Zoetis Inc - Class A Options Chain 4.90 6.80 5.85
Profitability Analysis 4.80%
0.04 0.28 0.49 -0.08 163.50 165.00 5/16/2025 Yes 4/21 0.50 0.50 21 12 12 60 None
ORCL Oracle Corp Options Chain 5.50 5.75 5.63
Profitability Analysis 7.04%
0.04 0.36 0.44 -0.09 145.86 150.00 5/16/2025 No 4/10 0.40 0.50 21 11 10 63 None
TGT Target Corp Options Chain 5.15 5.30 5.23
Profitability Analysis 5.28%
0.05 0.34 0.54 -0.05 105.77 105.00 5/16/2025 No 5/14 1.12 1.12 21 39 12 66 None
DELL Dell Technologies Inc - Class C Options Chain 4.55 5.75 5.15
Profitability Analysis 6.66%
0.05 0.47 0.51 -0.07 95.33 96.00 5/9/2025 No 4/22 0.45 0.53 13 3 16 64 None
DGX Quest Diagnostics Inc Options Chain 3.90 6.30 5.10
Profitability Analysis 4.73%
0.03 0.26 0.46 -0.07 167.96 170.00 5/16/2025 Yes 4/07 0.75 0.80 21 13 11 66 None
ABT Abbott Laboratories Options Chain 4.70 4.90 4.80
Profitability Analysis 3.38%
0.04 0.26 0.55 -0.06 131.93 131.00 5/9/2025 Yes 4/15 0.59 0.59 21 11 14 63 None
MRVL Marvell Technology Inc Options Chain 4.50 4.85 4.68
Profitability Analysis 7.13%
0.07 0.55 0.55 -0.06 63.23 63.00 5/9/2025 No 4/11 0.06 0.06 21 0 7 50 None
TGT Target Corp Options Chain 4.35 4.55 4.45
Profitability Analysis 5.48%
0.04 0.32 0.53 -0.06 105.77 106.00 5/9/2025 No 5/14 1.12 1.12 21 39 12 66 None
ABT Abbott Laboratories Options Chain 4.05 4.35 4.20
Profitability Analysis 3.68%
0.03 0.25 0.51 -0.06 131.93 132.00 5/9/2025 Yes 4/15 0.59 0.59 21 11 14 63 None
MRVL Marvell Technology Inc Options Chain 4.05 4.20 4.13
Profitability Analysis 7.84%
0.06 0.54 0.52 -0.06 63.23 64.00 5/9/2025 No 4/11 0.06 0.06 21 0 7 50 None
DG Dollar General Corp Options Chain 4.00 4.10 4.05
Profitability Analysis 4.92%
0.04 0.32 0.52 -0.04 90.20 90.00 5/16/2025 No 4/08 0.59 0.59 21 1 12 63 None
CVS CVS Health Corp Options Chain 3.65 3.80 3.73
Profitability Analysis 5.62%
0.06 0.38 0.54 -0.04 68.07 67.50 5/16/2025 Yes 4/22 0.67 0.67 21 3 12 65 None
WMT Walmart Inc Options Chain 3.55 3.70 3.63
Profitability Analysis 4.57%
0.04 0.29 0.52 -0.04 89.76 90.00 5/16/2025 No 5/09 0.23 0.23 24 41 9 57 None
PNR Pentair plc Options Chain 3.20 3.40 3.30
Profitability Analysis 5.01%
0.04 0.29 0.49 -0.04 89.09 90.00 5/16/2025 Yes 4/17 0.25 0.25 21 5 10 64 None
DG Dollar General Corp Options Chain 3.15 3.40 3.28
Profitability Analysis 5.18%
0.04 0.33 0.48 -0.05 90.20 91.00 5/9/2025 No 4/08 0.59 0.59 21 1 12 63 None
RY Royal Bank Of Canada Options Chain 2.80 2.95 2.88
Profitability Analysis 4.04%
0.03 0.20 0.48 -0.03 114.72 115.00 5/16/2025 No 4/24 1.48 1.48 21 14 13 77 None
CVS CVS Health Corp Options Chain 2.74 2.91 2.83
Profitability Analysis 6.50%
0.04 0.40 0.46 -0.04 68.07 69.00 5/9/2025 Yes 4/22 0.67 0.67 21 3 12 65 None
BMY Bristol-Myers Squibb Company Options Chain 2.73 2.83 2.78
Profitability Analysis 4.70%
0.05 0.35 0.54 -0.03 59.60 59.00 5/9/2025 Yes 4/04 0.62 0.62 21 3 6 57 None
CL Colgate-Palmolive Company Options Chain 2.30 3.10 2.70
Profitability Analysis 2.47%
0.03 0.21 0.53 -0.03 93.90 93.00 5/9/2025 Yes 4/17 0.50 0.52 21 39 12 63 None
SYY Sysco Corp Options Chain 2.45 2.60 2.53
Profitability Analysis 3.64%
0.03 0.23 0.53 -0.03 75.30 75.00 5/16/2025 Yes 4/04 0.51 0.51 21 9 14 62 None
BMY Bristol-Myers Squibb Company Options Chain 2.41 2.64 2.53
Profitability Analysis 5.96%
0.04 0.34 0.48 -0.03 59.60 60.00 5/16/2025 Yes 4/04 0.62 0.62 21 3 6 57 None
CL Colgate-Palmolive Company Options Chain 2.35 2.60 2.48
Profitability Analysis 3.30%
0.03 0.24 0.47 -0.03 93.90 94.00 5/9/2025 Yes 4/17 0.50 0.52 21 39 12 63 None
FCX Freeport-McMoRan Inc Options Chain 2.27 2.49 2.38
Profitability Analysis 6.10%
0.06 0.44 0.55 -0.03 38.20 38.00 5/16/2025 Yes 4/15 0.15 0.15 17 0 11 55 None
KR Kroger Company Options Chain 2.01 2.21 2.11
Profitability Analysis 3.95%
0.03 0.22 0.51 -0.03 67.27 67.50 5/16/2025 No 5/15 0.32 0.32 21 18 12 63 None
FCX Freeport-McMoRan Inc Options Chain 1.85 2.00 1.93
Profitability Analysis 7.54%
0.05 0.44 0.48 -0.03 38.20 39.00 5/16/2025 Yes 4/15 0.15 0.15 17 0 11 55 None
GIS General Mills Inc Options Chain 1.35 1.45 1.40
Profitability Analysis 4.75%
0.02 0.23 0.42 -0.02 59.19 60.00 5/16/2025 No 4/10 0.60 0.60 21 5 14 60 None
SYY Sysco Corp Options Chain 1.30 1.45 1.38
Profitability Analysis 5.43%
0.02 0.22 0.36 -0.02 75.30 77.50 5/16/2025 Yes 4/04 0.51 0.51 21 9 14 62 None
BMO Bank of Montreal Options Chain 1.25 1.40 1.33
Profitability Analysis 5.52%
0.01 0.18 0.34 -0.02 97.54 100.00 5/16/2025 No 4/29 1.59 1.59 21 3 15 79 None
T AT&T Inc Options Chain 1.02 1.07 1.05
Profitability Analysis 4.22%
0.04 0.27 0.52 -0.01 28.14 28.00 5/16/2025 Yes 4/10 0.28 0.28 21 0 10 65 None
VZ Verizon Communications Inc Options Chain 1.02 1.06 1.04
Profitability Analysis 4.42%
0.02 0.22 0.43 -0.01 44.74 45.00 5/16/2025 Yes 4/10 0.68 0.68 21 20 12 72 None
MKC McCormick & Co. Inc (Non Voting) Options Chain 0.80 0.95 0.88
Profitability Analysis 6.20%
0.01 0.20 0.27 -0.02 81.29 85.00 5/16/2025 No 4/07 0.45 0.45 21 41 9 55 None
T AT&T Inc Options Chain 0.59 0.64 0.62
Profitability Analysis 6.25%
0.02 0.27 0.36 -0.01 28.14 29.00 5/16/2025 Yes 4/10 0.28 0.28 21 0 10 65 None
ING ING Groep N.V. Options Chain 0.50 0.60 0.55
Profitability Analysis 7.83%
0.03 0.31 0.41 -0.01 19.77 20.00 5/16/2025 Yes 4/25 0.17 0.77 11 2 10 58 None