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.

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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? ATM Call Premium ATM Put Premium Liquidity Rating Algorithm Score Lists
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
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
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