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 60 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.


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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 SYF Synchrony Financial 46.96 70.67 38.91 20.69% 2/03 Yes 1.00 2.14% 0.00% 0.00% 3.25% 8.64% 11.70% Options Chain 2.70 3.70 0.08 15 74 None
2 CG Carlyle Group Inc (The) 36.59 57.11 33.02 10.81% 2/21 Yes 1.40 3.82% 0.00% 0.00% 8.78% 0.47% 54.69% Options Chain 2.33 2.88 0.08 16 61 None
3 ROK Rockwell Automation Inc 233.42 307.32 215.00 8.57% 5/19 Yes 5.12 2.22% 3.56% 1.76% 4.88% 5.82% 63.76% Options Chain 11.20 16.55 0.07 10 60 None
4 WLK Westlake Corporation 90.11 159.32 81.41 10.69% 3/04 Yes 2.08 2.39% 2.44% 1.21% 16.63% 21.74% 44.72% Options Chain 6.10 5.40 0.07 15 56 None
5 BKR Baker Hughes Co - Class A 37.81 49.16 30.42 24.29% 2/11 Yes 0.86 2.27% 9.52% 4.65% 6.32% 2.60% 30.50% Options Chain 2.10 2.45 0.06 13 66 None
6 CHRW C.H. Robinson Worldwide Inc 92.37 114.09 63.38 45.74% 3/07 Yes 2.47 2.74% 0.81% 0.41% 4.50% 15.17% 65.17% Options Chain 3.55 5.40 0.06 14 53 None
7 EWBC East West Bancorp Inc 74.40 113.29 67.54 10.16% 2/03 Yes 2.25 3.16% 9.09% 4.45% 16.12% 15.50% 27.01% Options Chain 2.93 4.15 0.06 15 76 None
8 RF Regions Financial Corp 19.27 27.41 17.18 12.17% 3/03 Yes 0.99 5.21% 2.04% 1.02% 11.37% -1.71% 51.30% Options Chain 0.75 1.05 0.05 11 69 None
9 EQNR Equinor ASA 23.43 27.48 21.29 10.05% 5/16 Yes 1.40 6.21% 9.63% 4.70% 27.50% 4.58% 45.02% Options Chain 1.25 1.05 0.05 12 67 None
10 TEL TE Connectivity plc 129.95 157.94 116.30 11.74% 5/21 Yes 2.60 2.04% 11.81% 5.74% 9.44% 9.67% 41.07% Options Chain 6.90 5.70 0.05 14 65 None
11 PLD Prologis Inc 98.30 129.30 85.35 15.17% 3/18 Yes 3.89 4.10% 5.21% 2.57% 12.52% 4.21% 97.01% Options Chain 3.70 5.05 0.05 13 69 None
12 UNM Unum Group 76.91 84.48 47.42 62.19% 4/25 Yes 1.62 2.20% 7.01% 3.44% 9.47% 5.73% 17.18% Options Chain 3.95 3.48 0.05 16 71 None
13 OKE Oneok Inc 83.38 116.82 73.61 13.27% 2/03 No 4.00 4.92% 4.04% 2.00% 2.45% 7.04% 77.37% Options Chain 3.13 4.25 0.05 14 73 None
14 FITB Fifth Third Bancorp 34.60 48.18 32.25 7.29% 3/31 Yes 1.46 4.32% 2.78% 1.38% 6.74% 8.29% 46.50% Options Chain 1.25 1.75 0.05 11 65 None
15 QSR Restaurant Brands International Inc 62.99 74.61 58.71 7.29% 3/21 Yes 2.36 3.85% 6.90% 3.39% 4.00% 23.10% 74.21% Options Chain 1.60 3.10 0.05 8 69 None
16 MFC Manulife Financial Corp 28.76 32.62 21.68 32.66% 3/05 Yes 1.64 6.01% 10.00% 4.88% 10.75% 10.90% 87.70% Options Chain 1.35 1.15 0.05 15 74 None
17 PCAR Paccar Inc 89.55 115.43 85.10 5.23% 2/12 Yes 3.93 4.43% 12.82% 6.22% 10.25% 9.67% 49.75% Options Chain 3.95 4.20 0.05 11 72 None
18 ARE Alexandria Real Estate Equities Inc 79.70 125.25 71.57 11.36% 3/31 Yes 5.24 6.81% 1.73% 0.86% 4.19% 3.89% 315.66% Options Chain 3.55 3.73 0.05 16 69 None
19 TSN Tyson Foods Inc - Class A 61.57 65.82 52.36 17.59% 5/30 Yes 1.98 3.29% 1.52% 0.76% 2.74% 17.72% 66.89% Options Chain 1.70 2.88 0.05 17 63 None
20 TROW T. Rowe Price Group Inc 89.32 122.80 77.85 14.73% 3/14 Yes 4.99 5.81% 2.42% 1.20% 4.13% 17.19% 54.54% Options Chain 3.45 4.05 0.05 21 65
Dividend Stock List
21 OMC Omnicom Group Inc 76.54 105.28 69.13 10.72% 3/11 Yes 2.80 3.78% 0.00% 0.00% 0.00% 10.60% 37.53% Options Chain 3.35 3.25 0.04 15 71 None
22 MET Metlife Inc 72.95 88.48 65.21 11.87% 2/04 Yes 2.18 3.07% 1.16% 0.58% 3.50% 7.13% 38.86% Options Chain 2.50 3.10 0.04 19 72 None
23 MPLX MPLX LP 49.60 54.87 36.51 35.85% 2/03 Yes 3.61 7.62% 9.11% 4.46% 8.43% 11.76% 87.48% Options Chain 1.65 1.93 0.04 10 74 None
24 RCI Rogers Communications Inc - Class B 25.21 41.04 23.18 8.76% 3/10 No 2.00 8.50% 0.00% 0.00% 0.00% 29.97% 88.11% Options Chain 0.98 0.04 15 67 None
25 SPG Simon Property Group Inc 149.87 187.80 132.53 13.08% 3/10 Yes 8.25 5.59% 3.70% 1.84% 9.47% 5.13% 113.48% Options Chain 4.15 5.50 0.04 9 75 None
26 PRU Prudential Financial Inc 101.43 128.97 90.38 12.23% 2/18 Yes 5.25 5.33% 3.85% 1.90% 4.09% 10.52% 70.00% Options Chain 2.75 3.70 0.04 16 65 None
27 OHI Omega Healthcare Investors Inc 38.14 42.92 27.55 38.44% 2/10 Yes 2.68 7.11% 0.00% 0.00% 0.00% 1.02% 172.90% Options Chain 1.18 1.38 0.04 13 71 None
28 TTE TotalEnergies SE 56.75 71.00 51.78 9.60% 6/18 Yes 3.39 6.19% 2.08% 1.03% 2.58% 1.07% 50.66% Options Chain 2.00 2.05 0.04 12 63 None
29 BG Bunge Global SA 77.07 112.16 66.75 15.46% 2/18 Yes 2.72 3.56% 0.65% 0.32% 7.33% 9.26% 34.52% Options Chain 2.48 2.73 0.04 14 61 None
30 PAYX Paychex Inc 149.07 158.37 112.98 31.94% 2/07 No 3.92 2.71% 2.35% 1.17% 10.81% 24.65% 81.50% Options Chain 3.55 5.20 0.03 14 62 None
31 WY Weyerhaeuser Company 26.12 33.58 24.10 8.38% 3/07 Yes 0.81 3.14% 5.00% 2.47% -8.15% 2.22% 150.00% Options Chain 0.65 0.90 0.03 8 51 None
32 AMT American Tower Corp 217.79 237.72 165.00 31.99% 4/11 Yes 6.56 3.08% 4.94% 2.44% 6.89% 17.88% 94.52% Options Chain 7.50 6.40 0.03 13 63 None
33 HBAN Huntington Bancshares Inc 13.15 18.09 11.54 13.95% 3/18 Yes 0.62 4.81% 0.00% 0.00% 0.61% 3.90% 53.91% Options Chain 0.45 0.43 0.03 12 59 None
34 CFG Citizens Financial Group Inc 35.59 48.82 30.79 15.59% 1/31 Yes 1.68 4.83% 0.00% 0.00% 1.87% 17.29% 59.79% Options Chain 1.08 1.20 0.03 16 76 None
35 FAST Fastenal Company 81.30 84.39 60.35 34.71% 4/25 No 1.60 2.11% 12.82% 6.22% 11.96% 12.82% 80.00% Options Chain 2.05 2.68 0.03 12 55 None
36 SYY Sysco Corp 71.84 81.12 67.12 7.03% 4/04 Yes 2.04 2.93% 0.99% 0.49% 2.61% 15.53% 52.31% Options Chain 2.25 2.33 0.03 14 55 None
37 WPC W. P. Carey Inc 59.84 65.16 49.98 19.73% 3/31 Yes 3.52 6.19% 2.01% 1.00% -4.08% 2.92% 168.18% Options Chain 0.55 1.93 0.03 8 60 None
38 CNI Canadian National Railway Company 100.19 127.78 91.65 9.32% 3/10 Yes 3.42 3.57% 5.03% 2.48% 9.60% 15.33% 71.30% Options Chain 1.53 3.15 0.03 9 69 None
39 CCI Crown Castle Inc 99.84 117.05 82.81 20.57% 3/14 Yes 6.26 6.48% 0.00% 0.00% 3.48% 12.84% -69.94% Options Chain 1.90 3.10 0.03 4 54 None
40 EQH Equitable Holdings Inc 47.24 55.74 34.72 36.06% 3/05 Yes 0.96 2.10% 2.13% 1.06% 7.83% 10.14% 25.40% Options Chain 1.40 1.33 0.03 14 64 None
41 KIM Kimco Realty Corporation 20.29 25.28 16.81 20.70% 3/07 No 0.98 4.96% 3.09% 1.53% 10.12% 3.55% 178.18% Options Chain 0.60 0.03 10 58 None
42 UL Unilever plc 62.24 64.80 44.97 38.40% 2/28 No 1.88 3.13% 0.16% 0.08% -2.04% 3.75% 74.44% Options Chain 1.55 1.83 0.03 10 60 None
43 VTR Ventas Inc 67.40 71.36 40.20 67.66% 3/31 Yes 1.83 2.79% 6.67% 3.28% 1.63% 2.96% 963.16% Options Chain 1.43 1.98 0.03 7 63 None
44 ITW Illinois Tool Works Inc 233.55 276.43 214.66 8.80% 3/31 Yes 5.90 2.60% 3.45% 1.71% 6.18% 13.63% 52.12% Options Chain 5.20 6.80 0.03 11 66 None
45 RY Royal Bank Of Canada 115.38 126.95 92.70 24.47% 4/24 No 5.70 5.18% 5.71% 2.82% 8.20% 8.38% 65.44% Options Chain 3.35 2.85 0.03 13 80 None
46 EQR Equity Residential Properties Trust 66.92 76.83 57.28 16.83% 3/31 Yes 2.72 4.23% 4.53% 2.24% 3.54% 3.41% 99.91% Options Chain 1.90 1.58 0.03 11 64 None
47 LHX L3Harris Technologies Inc 222.69 263.05 192.04 15.96% 3/10 Yes 4.68 2.19% 3.45% 1.71% 4.15% 7.92% 59.69% Options Chain 5.15 5.65 0.03 13 72 None
48 GIS General Mills Inc 59.00 73.73 54.58 8.10% 4/10 No 2.40 4.20% 0.84% 0.42% 4.15% 7.59% 52.75% Options Chain 0.88 1.43 0.02 12 60 None
49 FNF Fidelity National Financial Inc 62.06 66.72 45.29 37.03% 3/17 Yes 1.96 3.26% 3.09% 1.53% 6.41% 2.85% 42.15% Options Chain 1.50 1.20 0.02 13 64 None
50 KDP Keurig Dr Pepper Inc 35.71 37.52 29.42 21.38% 3/28 Yes 0.91 2.60% 5.14% 2.54% 8.05% -0.22% 86.19% Options Chain 0.80 0.73 0.02 6 64 None
51 O Realty Income Corp 56.27 63.08 47.90 17.47% 5/01 Yes 3.16 5.84% 5.33% 2.63% 3.56% 3.03% 322.81% Options Chain 1.13 0.90 0.02 8 61 None
52 CM Canadian Imperial Bank Of Commerce 58.18 65.94 44.36 31.15% 3/28 No 3.74 6.63% 5.72% 2.82% 6.69% 5.18% 70.17% Options Chain 1.03 1.15 0.02 16 82 None
53 VICI VICI Properties Inc 31.59 33.57 25.62 23.30% 3/20 Yes 1.71 5.69% 2.06% 1.03% 5.81% 9.24% 66.89% Options Chain 0.60 0.33 0.02 10 79 None
54 BMO Bank of Montreal 92.20 106.00 75.21 22.59% 4/29 No 6.20 6.80% 3.92% 1.94% 10.67% 5.29% 85.75% Options Chain 1.35 1.75 0.02 16 73 None
55 DOC Healthpeak OP LLC 18.71 22.70 16.78 11.50% 4/17 Yes 3.60 19.84% 0.00% 0.00% 0.00% 0.00% 1,030.00% Options Chain 0.25 0.01 9 49 None
56 EOG EOG Resources Inc 107.64 137.86 102.52 4.99% 4/16 No 3.71 3.54% 7.14% 3.51% 24.71% 15.78% 32.93% Options Chain 15 77
Dividend Stock List
57 CMCSA Comcast Corp - Class A 34.15 44.53 32.20 6.06% 4/02 No 1.26 3.74% 8.20% 4.02% 7.73% 29.38% 31.82% Options Chain 14 63 None
58 CL Colgate-Palmolive Company 94.98 108.14 84.09 12.95% 4/17 No 2.00 2.18% 5.05% 2.49% 3.83% 8.64% 56.02% Options Chain 11 63 None
59 GOLD Barrick Gold Corp 20.41 21.11 15.03 35.80% 2/28 No 0.40 2.08% 0.00% 0.00% 2.67% -2.00% 32.00% Options Chain 17 67 None
60 FDX Fedex Corp 210.45 309.09 194.30 8.31% 3/10 No 5.52 2.67% 2.22% 1.11% 17.46% 16.72% 36.68% Options Chain 16 67 None
61 ACN Accenture plc - Class A 289.79 396.38 273.65 5.90% 4/10 No 5.73 2.02% 10.65% 5.19% 13.16% 13.01% 49.74% Options Chain 17 64 None
62 ADM Archer Daniels Midland Company 46.43 64.19 40.98 13.30% 2/18 No 2.01 4.38% 2.00% 1.00% 8.35% 14.99% 54.92% Options Chain 14 53 None
63 COP Conoco Phillips 86.45 127.56 79.88 8.22% 2/14 No 3.12 3.75% 0.00% 0.00% 12.47% 5.93% 43.94% Options Chain 9 76 None
64 CSCO Cisco Systems Inc 57.41 66.06 43.57 31.76% 4/03 No 1.61 2.85% 3.14% 1.56% 2.77% 11.09% 72.52% Options Chain 8 61 None
65 CTRA Coterra Energy Inc 25.22 29.82 21.94 14.95% 3/13 No 0.85 3.44% 4.76% 2.35% 9.15% 13.36% 56.67% Options Chain 11 68 None
66 CVS CVS Health Corp 69.20 71.45 43.01 60.89% 4/22 No 2.66 3.86% 0.00% 0.00% 7.39% 7.12% 73.89% Options Chain 11 65 None
67 CVX Chevron Corp 135.32 168.96 132.04 2.48% 2/14 No 6.60 4.89% 4.91% 2.42% 6.53% 6.15% 73.41% Options Chain 13 78 None
68 DG Dollar General Corp 90.31 144.10 66.00 36.83% 4/08 No 2.36 2.71% 0.00% 0.00% 13.95% 15.13% 45.56% Options Chain 12 63 None
69 DLR Digital Realty Trust Inc 146.31 195.06 129.95 12.59% 3/14 No 4.88 3.43% 0.00% 0.00% 1.27% 8.72% 310.83% Options Chain 7 60 None
70 HD Home Depot Inc 357.20 434.31 315.91 13.07% 3/13 No 9.05 2.56% 2.22% 1.11% 8.66% 28.30% 60.66% Options Chain 8 60 None
71 HON Honeywell International Inc 200.25 240.29 179.36 11.65% 2/28 No 4.42 2.29% 3.43% 1.70% 4.64% 6.16% 50.80% Options Chain 10 68 None
72 HPE Hewlett Packard Enterprise Company 14.28 24.46 11.96 19.40% 3/21 No 0.52 3.78% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 20 60 None
73 HPQ HP Inc 24.04 39.07 21.21 13.34% 3/12 No 1.13 4.94% 3.71% 1.84% 8.63% 10.23% 43.13% Options Chain 12 54 None
74 IRM Iron Mountain Inc 84.39 128.24 71.42 18.16% 3/17 No 2.87 3.51% 15.02% 7.25% 6.14% 15.23% 469.67% Options Chain 7 55 None
75 HAL Halliburton Company 21.25 38.47 18.72 13.51% 3/05 No 0.68 3.35% 0.00% 0.00% 39.41% 2.18% 26.15% Options Chain 13 58 None
76 JNJ Johnson & Johnson 154.36 169.99 138.68 11.31% 2/18 No 4.96 3.34% 1.02% 0.51% 4.31% 13.03% 85.52% Options Chain 10 62 None
77 KHC Kraft Heinz Company 29.80 37.12 26.90 10.78% 3/07 No 1.60 5.55% 0.00% 0.00% 0.00% -4.69% 71.43% Options Chain 12 69 None
78 LMT Lockheed Martin Corp 475.34 610.58 416.62 14.09% 3/03 No 12.90 2.78% 3.53% 1.75% 5.64% 10.52% 57.85% Options Chain 10 68 None
79 MCD McDonald`s Corp 316.07 326.32 239.28 32.09% 3/03 No 6.88 2.24% 4.42% 2.19% 7.76% 17.86% 60.46% Options Chain 7 66 None
80 MDLZ Mondelez International Inc - Class A 68.30 74.46 53.58 27.47% 3/31 No 1.83 2.78% 5.03% 2.48% 9.04% 5.42% 53.65% Options Chain 9 72 None
81 MDT Medtronic Plc 84.22 95.49 74.13 13.61% 3/28 No 2.80 3.39% 0.36% 0.18% 3.18% 16.48% 88.05% Options Chain 10 64 None
82 MO Altria Group Inc 57.13 60.18 37.66 51.70% 3/25 No 4.04 7.17% 2.00% 1.00% 3.76% 8.12% 61.77% Options Chain 13 69 None
83 MRK Merck & Co Inc 79.17 131.54 75.96 4.23% 3/17 No 3.16 4.07% 3.85% 1.90% 5.25% 9.17% 49.53% Options Chain 14 73 None
84 NEE NextEra Energy Inc 67.69 84.83 59.63 13.52% 2/28 No 2.11 3.16% 10.00% 4.88% 10.14% 5.68% 63.41% Options Chain 10 65 None
85 NKE Nike Inc - Class B 55.41 96.61 52.28 5.99% 3/03 No 1.54 2.83% 5.96% 2.94% 9.08% 15.51% 51.16% Options Chain 16 60 None
86 NLY Annaly Capital Management Inc 17.83 21.36 15.56 14.59% 3/31 No 2.65 15.32% 7.69% 3.77% -5.56% -0.43% 163.58% Options Chain 12 64 None
87 OXY Occidental Petroleum Corp 37.90 67.24 34.78 8.97% 3/10 No 0.90 2.47% 9.09% 4.45% 121.34% -0.92% 39.82% Options Chain 10 66 None
88 PG Procter & Gamble Company 169.13 179.99 150.79 12.16% 4/21 No 4.03 2.46% 6.74% 3.32% 5.59% 8.68% 64.11% Options Chain 13 70 None
89 QCOM Qualcomm Inc 139.19 227.03 120.80 15.22% 3/06 No 3.40 2.53% 1.49% 0.74% 6.03% 17.18% 36.68% Options Chain 14 70 None
90 PM Philip Morris International Inc 157.59 163.08 85.46 84.40% 3/20 No 5.35 3.54% 1.89% 0.94% 2.46% 5.91% 89.17% Options Chain 8 66 None
91 PNC PNC Financial Services Group Inc 155.32 214.49 142.02 9.36% 4/16 No 6.35 4.17% 1.59% 0.79% 7.46% 5.98% 46.22% Options Chain 13 73 None
92 VLO Valero Energy Corp 110.33 169.90 99.00 11.44% 1/30 No 4.34 3.98% 5.61% 2.77% 3.62% 16.54% 50.58% Options Chain 12 73 None
93 VZ Verizon Communications Inc 44.30 46.61 36.11 22.68% 4/10 No 2.70 6.28% 1.40% 0.70% 1.81% 2.99% 65.16% Options Chain 12 72 None
94 WFC Wells Fargo & Company 63.10 81.30 49.24 28.15% 2/07 No 1.55 2.46% 6.67% 3.28% 27.79% 8.20% 27.88% Options Chain 15 73 None
95 UNP Union Pacific Corp 222.27 255.44 204.66 8.60% 2/28 No 5.32 2.43% 1.52% 0.75% 5.72% 8.43% 47.93% Options Chain 11 64 None
96 USB U.S. Bancorp. 38.20 52.79 35.18 8.58% 3/31 No 1.99 5.34% 1.01% 0.50% 3.25% 8.90% 52.51% Options Chain 14 70 None
97 TGT Target Corp 94.65 164.79 87.35 8.36% 5/14 No 4.46 4.81% 0.90% 0.45% 9.12% 11.54% 50.34% Options Chain 13 66 None
98 XOM Exxon Mobil Corp 103.39 124.20 97.80 5.72% 2/12 No 3.88 3.88% 3.13% 1.55% 3.21% 5.80% 49.49% Options Chain 11 74 None
99 SLB SLB 33.96 50.61 31.11 9.16% 2/05 No 1.11 3.41% 3.64% 1.80% 22.88% 3.48% 35.69% Options Chain 12 69 None
100 T AT&T Inc 27.20 28.73 15.15 79.54% 4/10 No 1.11 4.21% 0.00% 0.00% -14.53% 1.99% 74.50% Options Chain 10 65 None
101 STX Seagate Technology Holdings Plc 72.67 113.54 63.19 15.00% 3/19 No 2.84 4.07% 2.13% 1.06% 1.53% 17.57% 51.64% Options Chain 14 61 None
102 SU Suncor Energy Inc 33.48 40.86 30.79 8.74% 3/04 No 2.23 6.92% 3.40% 1.69% 21.39% 13.58% 66.57% Options Chain 13 79 None