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 greater than or equal to 2%, free cash flow per share must be greater than their trailing dividend rate, a dividend payout ratio percentage of 90% or less, a liquidity rating of 2 stars or greater, an Algorithm score of 12 or higher or a Safety Score of 70 or better, and have made at least 20 dividend payments over the last 5 years. Finally, the stock's current price must be within 25% or lower of its 52-week low. This report is sorted by average ATM premium as well as 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.


Download as spreadsheet Download

Ranking Ticker Company Current Price 52-Week High 52-Week Low Last Price to 52 Week Low Ex-Dividend Date Earnings Overlap? Trailing Annual Dividend Rate Trailing Annual Dividend Yield Percentage One Year Dividend Growth Rate Percentage Three Year Dividend Growth Rate Percentage Five Year Dividend Growth Rate Percentage All-Time Dividend Growth Rate Percentage Dividend Payout Ratio Percentage Has Options? ATM Call Premium ATM Put Premium Premium To Stock Price Ratio Liquidity Rating Algorithm Score Safety Score Lists
1 BAH Booz Allen Hamilton Holding Corp - Class A 104.43 189.07 101.05 3.34% 2/14 No 2.08 2.01% 7.84% 3.85% 10.42% 15.55% 30.86% Options Chain 7.05 6.25 0.07 16 65 None
2 HPE Hewlett Packard Enterprise Company 16.48 24.66 14.64 12.57% 3/21 No 0.52 3.24% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 0.72 1.09 0.07 18 70 None
3 CF CF Industries Holdings Inc 76.78 97.65 67.88 13.11% 2/14 Yes 2.00 2.60% 0.00% 0.00% 13.62% 30.77% 29.67% Options Chain 3.65 5.00 0.07 12 72 None
4 QCOM Qualcomm Inc 160.08 227.03 148.63 7.70% 3/06 Yes 3.40 2.17% 1.49% 0.74% 6.03% 17.18% 36.68% Options Chain 8.90 10.33 0.06 16 65 None
5 OVV Ovintiv Inc 43.01 54.34 36.34 18.35% 3/14 Yes 1.20 2.89% 0.00% 0.00% 26.58% 3.06% 28.50% Options Chain 2.50 2.70 0.06 13 75 None
6 SWKS Skyworks Solutions Inc 69.02 117.89 61.36 12.48% 2/24 Yes 2.78 4.13% 1.45% 0.72% 7.20% 15.07% 87.15% Options Chain 3.80 4.30 0.06 16 61
Dividend Stock List
7 MGA Magna International Inc 37.46 52.53 33.30 12.49% 2/28 Yes 1.91 5.24% 2.11% 1.05% 3.05% 9.20% 53.95% Options Chain 2.13 2.03 0.06 14 69 None
8 FHN First Horizon Corporation 19.66 22.26 13.24 48.49% 3/14 Yes 0.60 3.11% 0.00% 0.00% 0.00% 4.06% 43.80% Options Chain 0.88 1.10 0.06 12 67 None
9 EQNR Equinor ASA 25.67 27.48 21.29 20.57% 2/14 Yes 1.40 5.45% 3.70% 1.84% 25.74% 4.58% 44.44% Options Chain 0.90 1.43 0.06 13 67 None
10 BXP Boston Properties Inc 68.34 88.92 54.16 26.18% 3/31 Yes 3.92 5.74% 0.00% 0.00% 0.00% 3.36% 4,355.56% Options Chain 2.75 3.80 0.06 10 62 None
11 CVS CVS Health Corp 67.05 77.23 43.01 55.89% 4/22 Yes 2.66 3.97% 0.00% 0.00% 7.39% 7.12% 72.68% Options Chain 3.53 3.68 0.05 12 65 None
12 PCAR Paccar Inc 98.64 120.58 86.75 13.71% 2/12 Yes 3.93 4.05% 12.82% 6.22% 10.25% 9.67% 50.38% Options Chain 4.10 5.25 0.05 13 72 None
13 HAL Halliburton Company 25.60 40.61 23.42 9.31% 3/05 Yes 0.68 2.75% 0.00% 0.00% 39.41% 2.18% 24.03% Options Chain 1.12 1.36 0.05 13 67 None
14 TGT Target Corp 108.35 176.42 101.76 6.48% 5/14 No 4.46 4.29% 0.90% 0.45% 9.12% 11.54% 50.40% Options Chain 4.13 5.75 0.05 12 66 None
15 SPG Simon Property Group Inc 166.12 187.80 132.53 25.35% 3/10 Yes 8.25 5.09% 3.70% 1.84% 9.47% 5.13% 115.38% Options Chain 4.85 8.60 0.05 10 74 None
16 DG Dollar General Corp 83.66 160.38 66.43 25.94% 4/08 No 2.36 2.82% 0.00% 0.00% 13.95% 15.13% 46.18% Options Chain 3.43 4.33 0.05 12 63 None
17 SLB SLB 41.70 54.25 36.27 14.97% 2/05 Yes 1.11 2.71% 3.64% 1.80% 22.88% 3.48% 35.69% Options Chain 1.55 2.09 0.05 14 69 None
18 CFG Citizens Financial Group Inc 41.19 48.82 30.79 33.78% 1/31 Yes 1.68 4.08% 0.00% 0.00% 1.87% 17.29% 55.45% Options Chain 1.28 2.03 0.05 13 72 None
19 PRU Prudential Financial Inc 113.24 128.97 100.99 12.13% 2/18 Yes 5.25 4.76% 3.85% 1.90% 4.09% 10.52% 70.28% Options Chain 3.75 5.50 0.05 16 67 None
20 CMCSA Comcast Corp - Class A 36.75 44.93 32.50 13.08% 4/02 Yes 1.24 3.37% 8.20% 4.02% 7.73% 29.38% 29.95% Options Chain 1.61 1.78 0.05 14 63 None
21 BAC Bank Of America Corp 42.48 47.68 33.33 27.45% 3/07 Yes 1.02 2.40% 4.00% 1.98% 7.46% 4.40% 31.78% Options Chain 1.65 2.05 0.05 15 71 None
22 GOLD Barrick Gold Corp 18.89 21.11 15.03 25.68% 2/28 Yes 0.40 2.12% 0.00% 0.00% 2.67% -2.00% 32.79% Options Chain 0.91 0.87 0.05 18 64 None
23 GPC Genuine Parts Company 120.67 159.51 110.92 8.79% 3/07 Yes 4.03 3.39% 3.00% 1.49% 6.03% 5.93% 62.29% Options Chain 3.60 5.35 0.04 12 58 None
24 MFC Manulife Financial Corp 31.36 32.62 21.68 44.65% 3/05 Yes 1.64 5.39% 10.00% 4.88% 10.75% 10.90% 82.41% Options Chain 0.90 1.35 0.04 15 75 None
25 SU Suncor Energy Inc 38.41 40.86 33.79 13.67% 3/04 Yes 2.23 5.95% 3.40% 1.69% 21.39% 13.58% 67.58% Options Chain 1.30 1.65 0.04 13 75 None
26 NKE Nike Inc - Class B 67.39 96.61 65.17 3.41% 3/03 No 1.54 2.27% 5.96% 2.94% 9.08% 15.51% 51.16% Options Chain 2.89 2.48 0.04 15 57 None
27 MET Metlife Inc 84.18 88.48 65.86 27.82% 2/04 Yes 2.18 2.65% 1.16% 0.58% 3.50% 7.13% 36.70% Options Chain 3.08 3.60 0.04 18 72 None
28 HPQ HP Inc 29.00 39.07 26.50 9.43% 3/12 No 1.13 3.94% 3.71% 1.84% 8.63% 10.23% 40.65% Options Chain 1.24 1.05 0.04 12 51 None
29 DLR Digital Realty Trust Inc 150.38 195.06 131.44 14.41% 3/14 Yes 4.88 3.25% 0.00% 0.00% 1.27% 8.72% 305.00% Options Chain 5.70 6.40 0.04 8 61 None
30 WY Weyerhaeuser Company 29.56 35.32 26.21 12.78% 3/07 Yes 0.81 2.78% 5.00% 2.47% -8.15% 2.22% 155.77% Options Chain 0.95 1.25 0.04 10 52 None
31 MRK Merck & Co Inc 92.31 131.54 80.35 14.88% 3/17 Yes 3.16 3.39% 3.85% 1.90% 5.25% 9.17% 46.88% Options Chain 3.88 3.85 0.04 14 74 None
32 FITB Fifth Third Bancorp 40.25 48.65 32.91 22.30% 3/31 Yes 1.44 3.65% 2.78% 1.38% 6.74% 8.29% 45.86% Options Chain 1.68 1.55 0.04 12 71 None
33 CCI Crown Castle Inc 106.39 117.05 82.81 28.47% 3/14 Yes 6.26 5.88% 0.00% 0.00% 3.48% 12.84% -69.71% Options Chain 4.40 3.43 0.04 6 54 None
34 OMC Omnicom Group Inc 79.43 105.28 78.69 0.94% 3/11 Yes 2.80 3.45% 0.00% 0.00% 0.00% 10.60% 37.28% Options Chain 3.18 3.25 0.04 13 72 None
35 USB U.S. Bancorp. 43.76 53.42 36.55 19.73% 3/31 Yes 1.98 4.62% 1.01% 0.50% 3.25% 8.90% 51.97% Options Chain 1.64 1.79 0.04 17 68 None
36 OHI Omega Healthcare Investors Inc 38.00 42.92 27.55 37.93% 2/10 Yes 2.68 7.17% 0.00% 0.00% 0.00% 1.02% 174.03% Options Chain 1.25 1.53 0.04 12 71 None
37 ARE Alexandria Real Estate Equities Inc 98.59 127.00 93.25 5.73% 3/31 Yes 5.19 5.32% 1.73% 0.86% 4.19% 3.89% 289.94% Options Chain 3.90 3.95 0.04 16 68 None
38 NEE NextEra Energy Inc 70.07 84.83 59.62 17.53% 2/28 Yes 2.11 2.98% 10.00% 4.88% 10.14% 5.68% 62.84% Options Chain 2.78 2.64 0.04 12 64 None
39 ADM Archer Daniels Midland Company 46.34 64.19 44.42 4.32% 2/18 Yes 2.01 4.36% 2.00% 1.00% 8.35% 14.99% 55.52% Options Chain 1.78 1.55 0.04 13 53 None
40 COP Conoco Phillips 101.92 131.83 86.81 17.41% 2/14 Yes 3.12 3.06% 0.00% 0.00% 12.47% 5.93% 39.95% Options Chain 3.48 3.90 0.04 9 77 None
41 XOM Exxon Mobil Corp 115.80 124.20 103.67 11.70% 2/12 Yes 3.88 3.36% 3.13% 1.55% 3.21% 5.80% 49.49% Options Chain 4.38 3.38 0.04 13 75 None
42 PAYX Paychex Inc 144.83 158.37 111.41 30.00% 2/07 Yes 3.92 2.74% 2.35% 1.17% 10.81% 24.65% 83.76% Options Chain 5.40 5.25 0.04 16 63 None
43 FDX Fedex Corp 230.33 309.09 217.22 6.04% 3/10 No 5.52 2.40% 2.22% 1.11% 17.46% 16.72% 35.25% Options Chain 7.23 8.53 0.04 14 64 None
44 CVX Chevron Corp 164.75 166.43 132.53 24.31% 2/14 Yes 6.60 4.01% 4.91% 2.42% 6.53% 6.15% 67.83% Options Chain 5.58 6.10 0.04 13 75 None
45 MO Altria Group Inc 57.65 59.67 38.27 50.64% 3/25 Yes 4.00 6.94% 2.00% 1.00% 3.76% 8.12% 61.16% Options Chain 1.52 2.03 0.04 13 69 None
46 VZ Verizon Communications Inc 43.56 47.36 36.69 18.72% 4/10 Yes 2.69 6.10% 1.40% 0.70% 1.81% 2.99% 64.86% Options Chain 1.53 1.28 0.04 12 72 None
47 LHX L3Harris Technologies Inc 210.71 263.05 192.04 9.72% 3/10 Yes 4.68 2.25% 3.45% 1.71% 4.15% 7.92% 59.47% Options Chain 4.70 7.40 0.04 13 69 None
48 PLD Prologis Inc 110.26 129.30 97.78 12.76% 3/18 Yes 3.89 3.59% 5.21% 2.57% 12.52% 4.21% 100.26% Options Chain 1.90 3.75 0.03 11 69 None
49 RF Regions Financial Corp 22.27 27.41 17.18 29.63% 3/03 Yes 0.99 4.56% 2.04% 1.02% 11.37% -1.71% 51.30% Options Chain 0.60 0.75 0.03 14 71 None
50 GLPI Gaming and Leisure Properties Inc 51.12 51.44 39.28 30.14% 3/14 Yes 3.04 6.06% 0.00% 0.00% 3.39% 3.87% 105.92% Options Chain 0.98 1.70 0.03 10 76 None
51 DOC Healthpeak OP LLC 20.03 22.70 16.45 21.76% 2/14 Yes 1.21 6.02% 1.67% 0.83% 0.41% 1.95% 334.72% Options Chain 0.53 0.65 0.03 8 56 None
52 TSN Tyson Foods Inc - Class A 60.37 65.82 52.36 15.30% 5/30 Yes 1.98 3.28% 1.52% 0.76% 2.74% 17.72% 66.89% Options Chain 1.45 1.95 0.03 20 63 None
53 PG Procter & Gamble Company 165.65 179.99 150.79 9.85% 1/24 Yes 4.03 2.42% 1.66% 0.83% 4.31% 8.68% 64.11% Options Chain 5.35 4.13 0.03 13 68 None
54 TTE TotalEnergies SE 62.95 71.95 52.48 19.95% 6/18 Yes 3.33 5.26% 2.08% 1.03% 2.58% 1.07% 49.79% Options Chain 2.03 1.70 0.03 13 62 None
55 PFG Principal Financial Group Inc 85.25 90.38 70.33 21.21% 3/12 Yes 2.91 3.50% 5.26% 2.60% 5.30% 11.40% 44.02% Options Chain 1.55 2.73 0.03 16 69 None
56 OKE Oneok Inc 102.30 116.82 72.92 40.29% 2/03 No 4.00 4.03% 4.04% 2.00% 2.45% 7.04% 78.28% Options Chain 2.83 3.25 0.03 11 73 None
57 CM Canadian Imperial Bank Of Commerce 56.73 66.73 44.89 26.38% 3/28 No 3.67 6.47% 5.72% 2.82% 6.69% 5.18% 68.22% Options Chain 1.60 1.80 0.03 16 82 None
58 TROW T. Rowe Price Group Inc 95.98 122.80 90.33 6.25% 3/14 Yes 4.99 5.38% 2.42% 1.20% 4.13% 17.19% 54.65% Options Chain 2.30 3.03 0.03 21 61
Dividend Stock List
59 HBAN Huntington Bancshares Inc 15.35 18.09 11.54 33.02% 3/18 Yes 0.62 4.13% 0.00% 0.00% 0.61% 3.90% 50.82% Options Chain 0.40 0.48 0.03 12 66 None
60 RY Royal Bank Of Canada 115.91 126.95 92.70 25.04% 4/24 No 5.70 5.02% 5.71% 2.82% 8.20% 8.38% 66.43% Options Chain 3.55 2.78 0.03 13 77 None
61 AMT American Tower Corp 216.50 239.67 166.36 30.14% 4/11 Yes 6.48 3.02% 4.94% 2.44% 6.89% 17.88% 93.10% Options Chain 4.25 6.40 0.03 12 63 None
62 GIS General Mills Inc 58.17 74.50 55.15 5.48% 4/10 No 2.39 4.08% 0.84% 0.42% 4.15% 7.59% 52.30% Options Chain 0.98 1.65 0.03 14 60 None
63 KHC Kraft Heinz Company 29.12 37.12 26.90 8.25% 3/07 No 1.60 5.42% 0.00% 0.00% 0.00% -4.69% 70.80% Options Chain 0.80 0.64 0.03 12 69 None
64 WPC W. P. Carey Inc 61.41 66.10 50.70 21.12% 3/31 Yes 3.49 5.68% 2.01% 1.00% -4.08% 2.92% 167.79% Options Chain 0.55 1.60 0.03 7 61 None
65 SYY Sysco Corp 71.43 81.68 68.04 4.98% 4/04 Yes 2.03 2.85% 0.99% 0.49% 2.61% 15.53% 52.05% Options Chain 1.80 1.75 0.03 14 55 None
66 EQR Equity Residential Properties Trust 69.81 77.58 57.84 20.70% 3/31 Yes 2.70 3.87% 4.53% 2.24% 3.54% 3.41% 99.63% Options Chain 1.73 1.48 0.02 11 63 None
67 AVB Avalonbay Communities Inc 209.56 237.44 173.26 20.95% 3/31 Yes 6.80 3.22% 2.94% 1.46% 2.43% 5.23% 90.43% Options Chain 4.15 4.70 0.02 10 66 None
68 EMN Eastman Chemical Company 88.69 112.49 85.91 3.24% 3/14 Yes 3.28 3.70% 1.84% 0.92% 4.07% 4.79% 43.33% Options Chain 1.83 1.65 0.02 14 67 None
69 VICI VICI Properties Inc 31.97 33.58 25.62 24.79% 3/20 Yes 1.71 5.43% 2.06% 1.03% 5.81% 9.24% 66.89% Options Chain 0.65 0.25 0.02 11 79 None
70 O Realty Income Corp 56.28 63.37 48.12 16.96% 4/01 Yes 3.15 5.65% 5.33% 2.63% 3.56% 3.03% 324.95% Options Chain 0.93 1.08 0.02 8 61 None
71 BMO Bank of Montreal 96.70 106.00 75.21 28.57% 4/29 No 6.20 6.33% 3.92% 1.94% 10.67% 5.29% 83.67% Options Chain 1.40 1.83 0.02 15 83 None
72 MPLX MPLX LP 53.89 54.87 36.51 47.60% 2/03 Yes 3.61 6.73% 9.11% 4.46% 8.43% 11.76% 85.82% Options Chain 0.98 0.45 0.02 9 73 None
73 KIM Kimco Realty Corporation 21.33 25.28 16.81 26.89% 3/07 No 0.98 4.72% 3.09% 1.53% 10.12% 3.55% 178.18% Options Chain 0.30 0.30 0.01 13 58 None
74 NLY Annaly Capital Management Inc 21.61 22.11 15.97 35.32% 3/31 Yes 2.60 11.99% 7.69% 3.77% -5.56% -0.43% 160.49% Options Chain 0.30 0.24 0.01 11 68 None
75 ITUB Itau Unibanco Holding S.A. 5.59 5.80 4.15 34.70% 7/02 No 0.45 8.02% -83.16% -58.96% -29.20% 3.30% 67.73% Options Chain 16 63 None