Best Dividend Stocks for Option Income

This report lists what Tim considers to be the best dividend stocks for producing option income. The criteria for the stocks on this list are that they must have a market cap of $10 billion or greater, be priced greater than $20 per share, 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 finally, the stock's current price must be within 30% or lower of its 52-week low. This report is sorted by trailing annual dividend yield percentage and is intended to find solid dividend stocks that are ideal for selling covered calls or cash-secured puts on. The report also has direct links to the options chain page for each stock as well.

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Ranking Ticker Company Current Price 52-Week High 52-Week Low Ex-Dividend Date Trailing Annual Dividend Rate Trailing Annual Dividend Yield Percentage Dividend Payout Ratio Percentage Has Options? Liquidity Rating Algorithm Score Lists
1 EPD Enterprise Products Partners L P 27.66 27.81 22.88 1/30 2.00 7.30% 79.56% Options Chain 12 None
2 RY Royal Bank Of Canada 97.33 101.02 77.10 4/24 6.78 6.97% 87.26% Options Chain 12 None
3 TTE TotalEnergies SE 64.50 68.92 52.31 3/18 3.95 6.13% 45.58% Options Chain 16 None
4 BBY Best Buy Co. Inc 77.92 86.11 61.53 3/20 4.62 5.93% 79.79% Options Chain 12 None
5 AEM Agnico Eagle Mines Ltd 49.62 59.72 42.90 11/29 2.80 5.64% 70.89% Options Chain 18 None
6 BEN Franklin Resources Inc 27.42 30.00 21.65 3/27 1.52 5.54% 80.00% Options Chain 15 None
7 NGG National Grid Plc 66.53 70.66 55.38 11/22 3.54 5.31% 80.73% Options Chain 12 None
8 XEL Xcel Energy Inc 49.57 70.14 48.98 3/14 2.63 5.30% 81.85% Options Chain 12 None
9 CHK Chesapeake Energy Corp - New 82.81 90.36 67.69 3/06 4.20 5.07% 24.79% Options Chain 12 None
10 BP BP plc 35.64 39.84 32.41 2/15 1.71 4.87% 33.11% Options Chain 13 None
11 PEG Public Service Enterprise Group Inc 62.24 64.95 53.23 3/07 2.88 4.63% 56.14% Options Chain 12 None
12 HPQ HP Inc 29.41 33.29 24.99 3/12 1.34 4.55% 41.06% Options Chain 14 None
13 EMN Eastman Chemical Company 87.09 90.93 68.27 3/14 3.99 4.55% 53.27% Options Chain 14 None
14 BMY Bristol-Myers Squibb Company 50.89 68.94 47.58 1/04 2.31 4.54% 59.84% Options Chain 13 None
15 GIS General Mills Inc 63.94 88.52 59.78 4/09 2.90 4.54% 70.56% Options Chain 12 None
16 STT State Street Corp 73.85 87.91 62.23 3/28 3.33 4.51% 59.68% Options Chain 16
Dividend Stock List
17 FE Firstenergy Corp 36.50 40.21 31.46 2/06 1.60 4.37% 81.63% Options Chain 12 None
18 ETR Entergy Corp 100.47 107.03 85.10 2/08 4.40 4.33% 39.64% Options Chain 15 None
19 SRE Sempra 69.87 77.79 63.23 3/20 3.00 4.29% 69.44% Options Chain 13 None
20 EXC Exelon Corp 35.18 42.35 33.34 3/01 1.46 4.07% 62.39% Options Chain 12 None
21 SHEL Shell Plc ADR (Representing - ) 63.56 67.31 50.35 2/15 2.59 4.07% 45.39% Options Chain 14 None
22 CSCO Cisco Systems Inc 48.40 57.32 44.54 4/03 1.96 4.05% 59.57% Options Chain 17 None
23 IPG Interpublic Group Of Cos. Inc 31.20 39.74 26.64 2/29 1.26 4.04% 44.21% Options Chain 13 None
24 OMC Omnicom Group Inc 88.44 97.52 71.61 3/08 3.50 3.96% 50.65% Options Chain 12 None
25 ED Consolidated Edison Inc 87.00 97.36 78.98 2/13 3.26 3.74% 45.21% Options Chain 14 None
26 KDP Keurig Dr Pepper Inc 29.28 35.28 27.48 3/27 1.04 3.57% 67.42% Options Chain 13 None
27 XOM Exxon Mobil Corp 105.84 118.50 94.63 2/13 3.72 3.51% 41.84% Options Chain 12 None
28 NEE NextEra Energy Inc 55.21 77.38 46.34 2/26 1.92 3.47% 53.26% Options Chain 12 None
29 CMCSA Comcast Corp - Class A 42.80 47.11 33.68 4/02 1.47 3.43% 39.62% Options Chain 13 None
30 MGA Magna International Inc 54.05 63.64 45.92 2/22 1.85 3.43% 43.85% Options Chain 15 None
31 ADM Archer Daniels Midland Company 54.24 85.49 50.24 2/07 1.85 3.41% 25.73% Options Chain 14 None
32 MOS Mosaic Company 31.63 55.69 29.25 3/06 1.06 3.35% 30.29% Options Chain 13 None
33 CINF Cincinnati Financial Corp 113.54 118.55 93.43 3/18 3.81 3.34% 32.68% Options Chain 17 None
34 CVS CVS Health Corp 73.84 82.50 63.49 1/19 2.48 3.33% 38.33% Options Chain 13 None
35 TAP Molson Coors Beverage Company - Class B 62.13 69.47 48.00 2/29 2.05 3.30% 46.91% Options Chain 14 None
36 GPC Genuine Parts Company 149.21 170.35 124.63 2/29 4.80 3.22% 51.39% Options Chain 13 None
37 SYY Sysco Corp 79.96 82.89 61.82 4/04 2.49 3.11% 60.88% Options Chain 15 None
38 CNI Canadian National Railway Company 130.31 132.12 103.44 3/06 4.00 3.09% 63.77% Options Chain 12 None
39 DRI Darden Restaurants Inc 171.29 171.42 132.29 1/09 5.14 3.01% 62.23% Options Chain 13 None
40 PAYX Paychex Inc 122.23 128.72 101.62 2/12 3.56 2.91% 79.11% Options Chain 15 None
41 LMT Lockheed Martin Corp 426.46 494.18 388.13 2/29 12.30 2.88% 44.65% Options Chain 12 None
42 MDLZ Mondelez International Inc - Class A 72.37 77.24 60.39 3/27 2.04 2.83% 56.49% Options Chain 14 None
43 BG Bunge Global SA 93.11 114.32 85.46 2/15 2.61 2.81% 20.22% Options Chain 18 None
44 RPRX Royalty Pharma plc - Class A 29.93 37.16 25.54 2/15 0.81 2.71% 32.02% Options Chain 12 None
45 BKR Baker Hughes Co - Class A 29.96 37.09 25.47 2/12 0.80 2.67% 41.88% Options Chain 14 None
46 SWKS Skyworks Solutions Inc 106.44 115.33 83.90 2/16 2.66 2.50% 47.16% Options Chain 14 None
47 JCI Johnson Controls International plc 60.12 69.48 47.57 12/15 1.47 2.45% 54.65% Options Chain 13 None
48 SBUX Starbucks Corp 93.16 112.99 88.19 2/08 2.20 2.36% 58.82% Options Chain 12 None
49 AZN Astrazeneca plc 64.60 74.91 59.55 2/22 1.45 2.24% 75.92% Options Chain 12 None
50 HON Honeywell International Inc 198.67 210.60 173.86 2/29 4.22 2.12% 49.82% Options Chain 12 None
51 SLB SLB 49.35 61.47 41.88 2/06 1.02 2.08% 35.22% Options Chain 15 None