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, 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.
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? | ATM Call Premium | ATM Put Premium | Liquidity Rating | Algorithm Score | Lists |
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1 | HSBC | HSBC Holdings plc | 41.81 | 41.97 | 33.08 | 3/07 | 3.04 | 7.27% | 53.42% | Options Chain | 1.23 | 1.78 | 21 |
Growth Stock List |
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2 | TD | Toronto Dominion Bank | 59.38 | 63.77 | 53.37 | 4/08 | 3.96 | 6.67% | 85.71% | Options Chain | 1.53 | 1.73 | 12 | None | |
3 | RIO | Rio Tinto plc | 68.24 | 72.10 | 54.85 | 3/07 | 4.35 | 6.37% | 70.62% | Options Chain | 1.93 | 1.93 | 14 | None | |
4 | RY | Royal Bank Of Canada | 98.16 | 102.83 | 76.32 | 4/24 | 5.46 | 5.56% | 69.47% | Options Chain | 2.28 | 3.40 | 12 | None | |
5 | BMY | Bristol-Myers Squibb Company | 44.85 | 68.94 | 47.58 | 4/04 | 2.34 | 5.22% | 60.62% | Options Chain | 1.71 | 1.49 | 12 | None | |
6 | BBY | Best Buy Co. Inc | 75.05 | 85.08 | 60.79 | 3/20 | 3.70 | 4.93% | 65.14% | Options Chain | 3.90 | 4.53 | 13 | None | |
7 | BEN | Franklin Resources Inc | 24.99 | 29.66 | 21.40 | 3/27 | 1.22 | 4.88% | 64.21% | Options Chain | 1.15 | 0.98 | 15 | None | |
8 | ED | Consolidated Edison Inc | 94.11 | 96.90 | 78.98 | 5/14 | 4.09 | 4.35% | 56.73% | Options Chain | 2.63 | 2.25 | 14 | None | |
9 | BP | BP plc | 39.47 | 40.40 | 32.41 | 2/15 | 1.71 | 4.32% | 33.11% | Options Chain | 1.11 | 1.23 | 13 | None | |
10 | PEG | Public Service Enterprise Group Inc | 67.82 | 67.51 | 52.73 | 6/07 | 2.91 | 4.29% | 56.73% | Options Chain | 1.15 | 1.90 | 12 | None | |
11 | JNJ | Johnson & Johnson | 146.82 | 173.31 | 143.13 | 5/20 | 6.00 | 4.11% | 80.75% | Options Chain | 3.43 | 3.05 | 16 | None | |
12 | IPG | Interpublic Group Of Cos. Inc | 31.16 | 39.74 | 26.64 | 2/29 | 1.26 | 4.00% | 44.21% | Options Chain | 0.80 | 0.85 | 12 | None | |
13 | XOM | Exxon Mobil Corp | 117.96 | 123.75 | 94.89 | 5/14 | 4.67 | 3.96% | 52.53% | Options Chain | 3.50 | 3.43 | 12 | None | |
14 | EXC | Exelon Corp | 37.66 | 42.35 | 33.34 | 3/01 | 1.46 | 3.88% | 62.39% | Options Chain | 1.35 | 1.10 | 12 | None | |
15 | NOK | Nokia Corp | 3.65 | 4.19 | 2.88 | 4/22 | 0.14 | 3.86% | 88.00% | Options Chain | 0.06 | 0.09 | 18 | None | |
16 | HPQ | HP Inc | 28.13 | 33.00 | 24.77 | 3/12 | 1.08 | 3.84% | 31.56% | Options Chain | 1.30 | 1.30 | 14 | None | |
17 | MGA | Magna International Inc | 49.12 | 63.64 | 45.92 | 2/22 | 1.85 | 3.78% | 43.85% | Options Chain | 1.98 | 2.88 | 14 | None | |
18 | CVS | CVS Health Corp | 67.33 | 81.71 | 62.88 | 4/19 | 2.54 | 3.77% | 39.26% | Options Chain | 2.80 | 2.62 | 14 | None | |
19 | STT | State Street Corp | 73.39 | 79.18 | 61.67 | 3/28 | 2.70 | 3.68% | 49.72% | Options Chain | 2.03 | 3.10 | 17 |
Dividend Stock List |
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20 | TEL | TE Connectivity Ltd | 140.21 | 147.98 | 114.01 | 2/21 | 4.96 | 3.54% | 47.19% | Options Chain | 4.55 | 3.95 | 12 | None | |
21 | SRE | Sempra | 71.32 | 77.11 | 62.68 | 3/20 | 2.40 | 3.37% | 50.21% | Options Chain | 0.95 | 1.40 | 13 | None | |
22 | DRI | Darden Restaurants Inc | 156.54 | 175.37 | 131.20 | 4/09 | 5.24 | 3.35% | 61.50% | Options Chain | 4.05 | 6.65 | 13 | None | |
23 | GIS | General Mills Inc | 71.38 | 87.77 | 59.28 | 4/09 | 2.36 | 3.31% | 54.13% | Options Chain | 1.83 | 1.53 | 12 | None | |
24 | SYY | Sysco Corp | 77.07 | 82.37 | 61.44 | 7/05 | 2.51 | 3.26% | 61.37% | Options Chain | 1.38 | 1.35 | 15 | None | |
25 | CSCO | Cisco Systems Inc | 48.10 | 56.86 | 44.18 | 4/03 | 1.57 | 3.26% | 47.72% | Options Chain | 1.73 | 1.53 | 16 | None | |
26 | CHK | Chesapeake Energy Corp - New | 91.47 | 92.25 | 72.19 | 3/06 | 2.90 | 3.18% | 17.17% | Options Chain | 3.05 | 3.60 | 12 | None | |
27 | FMX | Fomento Economico Mexicano S.A.B. de C.V. | 115.11 | 142.11 | 92.70 | 4/16 | 3.62 | 3.15% | 74.38% | Options Chain | 3.95 | 4.50 | 17 | None | |
28 | SBUX | Starbucks Corp | 88.25 | 112.99 | 84.29 | 5/16 | 2.77 | 3.14% | 74.06% | Options Chain | 3.80 | 4.83 | 12 | None | |
29 | CMCSA | Comcast Corp - Class A | 37.87 | 46.76 | 36.43 | 4/02 | 1.18 | 3.12% | 31.81% | Options Chain | 0.83 | 1.01 | 13 | None | |
30 | BKR | Baker Hughes Co - Class A | 32.84 | 37.10 | 26.14 | 5/03 | 1.01 | 3.08% | 56.42% | Options Chain | 1.18 | 1.30 | 14 | None | |
31 | APD | Air Products & Chemicals Inc | 236.08 | 301.67 | 210.69 | 3/28 | 7.02 | 2.97% | 67.05% | Options Chain | 9.65 | 11.80 | 12 | None | |
32 | PAYX | Paychex Inc | 119.97 | 128.72 | 101.79 | 2/12 | 3.56 | 2.97% | 77.56% | Options Chain | 3.60 | 3.60 | 15 | None | |
33 | HPE | Hewlett Packard Enterprise Company | 16.97 | 19.92 | 13.26 | 3/14 | 0.50 | 2.91% | 34.48% | Options Chain | 0.75 | 0.95 | 13 | None | |
34 | TAP | Molson Coors Beverage Company - Class B | 62.54 | 69.47 | 54.90 | 2/29 | 1.67 | 2.67% | 38.22% | Options Chain | 1.98 | 2.25 | 13 | None | |
35 | SLB | SLB | 49.20 | 61.47 | 41.88 | 6/05 | 1.30 | 2.64% | 43.33% | Options Chain | 1.64 | 2.31 | 15 | None | |
36 | CINF | Cincinnati Financial Corp | 118.44 | 124.35 | 92.80 | 3/18 | 3.06 | 2.58% | 26.24% | Options Chain | 1.88 | 2.93 | 16 | None | |
37 | BG | Bunge Global SA | 102.73 | 114.32 | 85.46 | 2/15 | 2.61 | 2.54% | 17.56% | Options Chain | 2.68 | 2.53 | 17 | None | |
38 | INFY | Infosys Ltd | 17.01 | 20.74 | 14.59 | 10/24 | 0.43 | 2.53% | 60.44% | Options Chain | 0.50 | 0.60 | 15 | None | |
39 | GPC | Genuine Parts Company | 161.07 | 170.35 | 124.63 | 2/29 | 3.85 | 2.39% | 42.97% | Options Chain | 3.90 | 3.60 | 13 | None | |
40 | GOLD | Barrick Gold Corp | 17.08 | 20.24 | 13.65 | 2/28 | 0.40 | 2.34% | 55.56% | Options Chain | 0.96 | 1.19 | 17 | None |