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 106.32 189.07 101.05 5.22% 2/14 No 2.08 2.01% 7.84% 3.85% 10.42% 15.55% 30.86% Options Chain 5.25 8.35 0.08 15 64 None
2 SWKS Skyworks Solutions Inc 68.22 117.89 61.36 11.18% 2/24 Yes 2.78 4.13% 1.45% 0.72% 7.20% 15.07% 87.15% Options Chain 3.40 4.70 0.07 16 61
Dividend Stock List
3 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 2.45 2.88 0.07 13 75 None
4 HPE Hewlett Packard Enterprise Company 16.48 24.46 14.52 13.50% 3/21 No 0.52 3.24% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 0.71 1.10 0.07 18 70 None
5 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 8.98 10.30 0.06 16 65 None
6 CVS CVS Health Corp 66.48 77.23 43.01 54.57% 4/22 Yes 2.66 3.97% 0.00% 0.00% 7.39% 7.12% 72.68% Options Chain 3.45 4.23 0.06 12 65 None
7 EQNR Equinor ASA 25.62 27.48 21.29 20.34% 2/14 Yes 1.40 5.45% 3.70% 1.84% 25.74% 4.58% 44.44% Options Chain 0.93 1.45 0.06 13 67 None
8 KHC Kraft Heinz Company 29.12 37.12 26.90 8.25% 3/07 Yes 1.60 5.42% 0.00% 0.00% 0.00% -4.69% 70.80% Options Chain 0.78 1.63 0.06 12 69 None
9 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 3.85 4.98 0.05 14 74 None
10 CF CF Industries Holdings Inc 75.03 97.65 67.88 10.53% 2/14 Yes 2.00 2.60% 0.00% 0.00% 13.62% 30.77% 29.67% Options Chain 4.00 3.75 0.05 12 72 None
11 FHN First Horizon Corporation 19.77 22.26 13.24 49.32% 3/14 Yes 0.60 3.11% 0.00% 0.00% 0.00% 4.06% 43.80% Options Chain 0.95 1.05 0.05 12 67 None
12 MGA Magna International Inc 37.46 52.38 33.30 12.49% 2/28 Yes 1.91 5.24% 2.11% 1.05% 3.05% 9.20% 53.95% Options Chain 1.95 1.98 0.05 14 66 None
13 DLR Digital Realty Trust Inc 151.42 195.06 131.44 15.20% 3/14 Yes 4.88 3.25% 0.00% 0.00% 1.27% 8.72% 305.00% Options Chain 5.95 7.95 0.05 8 61 None
14 BXP Boston Properties Inc 68.51 88.92 54.16 26.50% 3/31 Yes 3.92 5.74% 0.00% 0.00% 0.00% 3.36% 4,355.56% Options Chain 3.55 3.03 0.05 10 61 None
15 GPC Genuine Parts Company 117.89 159.51 110.92 6.28% 3/07 Yes 4.03 3.39% 3.00% 1.49% 6.03% 5.93% 62.29% Options Chain 5.35 6.05 0.05 13 59 None
16 RF Regions Financial Corp 22.42 27.41 17.18 30.50% 3/03 Yes 0.99 4.56% 2.04% 1.02% 11.37% -1.71% 51.30% Options Chain 0.73 1.15 0.05 14 71 None
17 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 1.14 1.31 0.05 13 67 None
18 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 4.15 0.05 18 72 None
19 CFG Citizens Financial Group Inc 42.27 48.82 30.79 37.28% 1/31 Yes 1.68 4.08% 0.00% 0.00% 1.87% 17.29% 55.45% Options Chain 1.75 2.08 0.05 13 79 None
20 CMCSA Comcast Corp - Class A 36.94 44.93 32.50 13.66% 4/02 Yes 1.24 3.37% 8.20% 4.02% 7.73% 29.38% 29.95% Options Chain 1.18 1.81 0.05 14 63 None
21 TGT Target Corp 105.40 176.42 101.76 3.58% 5/14 No 4.46 4.29% 0.90% 0.45% 9.12% 11.54% 50.40% Options Chain 5.05 4.95 0.05 12 66 None
22 DG Dollar General Corp 82.58 160.38 66.43 24.31% 4/08 No 2.36 2.82% 0.00% 0.00% 13.95% 15.13% 46.18% Options Chain 3.95 3.25 0.05 12 63 None
23 BBY Best Buy Co. Inc 74.62 101.10 66.37 12.43% 3/25 No 3.76 5.11% 1.06% 0.53% 7.93% 14.79% 87.85% Options Chain 3.53 3.50 0.05 12 62 None
24 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 4.30 4.65 0.05 13 71 None
25 NEE NextEra Energy Inc 70.07 84.83 59.63 17.51% 2/28 Yes 2.11 2.98% 10.00% 4.88% 10.14% 5.68% 62.84% Options Chain 2.31 3.28 0.05 12 64 None
26 SU Suncor Energy Inc 38.48 40.86 33.79 13.88% 3/04 Yes 2.23 5.95% 3.40% 1.69% 21.39% 13.58% 67.58% Options Chain 1.36 1.80 0.05 13 75 None
27 EXR Extra Space Storage Inc 144.59 180.93 125.76 14.97% 3/14 Yes 6.48 4.51% 0.00% 0.00% 9.54% 11.52% 163.22% Options Chain 6.70 6.15 0.05 10 65 None
28 MTB M & T Bank Corp 182.36 222.74 129.09 41.27% 3/03 Yes 5.40 3.03% 0.93% 0.47% 4.66% 12.09% 36.59% Options Chain 7.40 8.35 0.05 10 76 None
29 WY Weyerhaeuser Company 29.20 35.32 26.21 11.41% 3/07 Yes 0.81 2.78% 5.00% 2.47% -8.15% 2.22% 155.77% Options Chain 1.33 0.95 0.05 10 52 None
30 BAC Bank Of America Corp 43.28 47.68 33.33 29.85% 3/07 Yes 1.02 2.40% 4.00% 1.98% 7.46% 4.40% 31.78% Options Chain 1.48 1.92 0.04 15 71 None
31 SLB SLB 42.28 54.25 36.27 16.57% 2/05 Yes 1.11 2.71% 3.64% 1.80% 22.88% 3.48% 35.69% Options Chain 1.79 1.86 0.04 14 69 None
32 UNM Unum Group 83.04 83.96 47.42 75.12% 1/24 Yes 1.62 2.00% 7.01% 3.44% 9.47% 5.73% 17.18% Options Chain 3.65 3.00 0.04 14 70 None
33 ADM Archer Daniels Midland Company 46.05 64.19 44.42 3.67% 2/18 Yes 2.01 4.36% 2.00% 1.00% 8.35% 14.99% 55.52% Options Chain 1.83 2.00 0.04 13 59 None
34 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 2.40 2.89 0.04 15 57 None
35 ARE Alexandria Real Estate Equities Inc 95.98 127.00 93.25 2.93% 3/31 Yes 5.19 5.32% 1.73% 0.86% 4.19% 3.89% 289.94% Options Chain 4.00 3.18 0.04 16 66 None
36 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 1.30 0.04 15 74 None
37 FITB Fifth Third Bancorp 40.17 48.65 32.91 22.06% 3/31 Yes 1.44 3.65% 2.78% 1.38% 6.74% 8.29% 45.86% Options Chain 1.65 1.60 0.04 12 71 None
38 USB U.S. Bancorp. 43.70 53.42 36.55 19.56% 3/31 Yes 1.98 4.62% 1.01% 0.50% 3.25% 8.90% 51.97% Options Chain 1.01 1.79 0.04 17 68 None
39 TSN Tyson Foods Inc - Class A 59.95 65.82 52.36 14.50% 5/30 Yes 1.98 3.28% 1.52% 0.76% 2.74% 17.72% 66.89% Options Chain 2.45 2.13 0.04 20 62 None
40 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 4.45 4.35 0.04 11 69 None
41 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 1.53 1.30 0.04 12 70 None
42 FDX Fedex Corp 241.07 309.09 217.22 10.98% 3/10 No 5.52 2.40% 2.22% 1.11% 17.46% 16.72% 35.25% Options Chain 6.03 9.55 0.04 14 64 None
43 TTE TotalEnergies SE 63.52 71.95 52.48 21.04% 6/18 Yes 3.33 5.26% 2.08% 1.03% 2.58% 1.07% 49.79% Options Chain 1.48 2.48 0.04 13 63 None
44 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 1.40 3.28 0.04 16 70 None
45 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 1.10 1.10 0.04 12 51 None
46 AMT American Tower Corp 209.50 239.67 166.36 25.93% 4/11 Yes 6.48 3.02% 4.94% 2.44% 6.89% 17.88% 93.10% Options Chain 7.30 7.90 0.04 12 63 None
47 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 4.25 4.15 0.04 16 67 None
48 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 2.20 2.90 0.04 15 72 None
49 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 4.20 5.25 0.04 17 64 None
50 GOLD Barrick Gold Corp 19.35 21.11 15.03 28.74% 2/28 Yes 0.40 2.12% 0.00% 0.00% 2.67% -2.00% 32.79% Options Chain 0.69 0.67 0.04 19 67 None
51 SYY Sysco Corp 70.39 81.68 68.04 3.45% 4/04 Yes 2.03 2.85% 0.99% 0.49% 2.61% 15.53% 52.05% Options Chain 2.48 2.30 0.04 14 55 None
52 VZ Verizon Communications Inc 43.49 47.36 36.69 18.53% 4/10 Yes 2.69 6.10% 1.40% 0.70% 1.81% 2.99% 64.86% Options Chain 1.53 1.39 0.04 12 72 None
53 TROW T. Rowe Price Group Inc 95.47 122.80 90.33 5.69% 3/14 Yes 4.99 5.38% 2.42% 1.20% 4.13% 17.19% 54.65% Options Chain 2.10 3.30 0.03 21 61
Dividend Stock List
54 GLPI Gaming and Leisure Properties Inc 50.72 51.44 39.28 29.12% 3/14 Yes 3.04 6.06% 0.00% 0.00% 3.39% 3.87% 105.92% Options Chain 0.58 1.73 0.03 10 76 None
55 MO Altria Group Inc 57.65 58.76 37.35 54.35% 3/25 Yes 4.00 6.94% 2.00% 1.00% 3.76% 8.12% 61.16% Options Chain 1.58 1.95 0.03 13 69 None
56 COP Conoco Phillips 102.55 131.83 86.81 18.13% 2/14 No 3.12 3.06% 0.00% 0.00% 12.47% 5.93% 39.95% Options Chain 2.90 3.43 0.03 9 77 None
57 GIS General Mills Inc 57.79 74.50 55.15 4.79% 4/10 No 2.39 4.08% 0.84% 0.42% 4.15% 7.59% 52.30% Options Chain 1.90 1.83 0.03 14 60 None
58 SPG Simon Property Group Inc 165.76 187.80 132.53 25.07% 3/10 Yes 8.25 5.09% 3.70% 1.84% 9.47% 5.13% 115.38% Options Chain 4.65 5.30 0.03 10 74 None
59 CCI Crown Castle Inc 100.45 117.05 82.81 21.30% 3/14 Yes 6.26 5.88% 0.00% 0.00% 3.48% 12.84% -69.71% Options Chain 2.05 3.20 0.03 6 54 None
60 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 2.78 3.20 0.03 11 73 None
61 DOC Healthpeak OP LLC 20.16 22.70 16.45 22.55% 2/14 Yes 1.21 6.02% 1.67% 0.83% 0.41% 1.95% 334.72% Options Chain 0.63 0.03 8 56 None
62 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 5.75 6.55 0.03 13 70 None
63 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 0.24 0.67 0.03 11 68 None
64 CM Canadian Imperial Bank Of Commerce 58.00 66.73 44.89 29.20% 3/28 No 3.67 6.47% 5.72% 2.82% 6.69% 5.18% 68.22% Options Chain 1.73 1.53 0.03 16 79 None
65 EQR Equity Residential Properties Trust 71.03 77.58 57.84 22.80% 3/31 Yes 2.70 3.87% 4.53% 2.24% 3.54% 3.41% 99.63% Options Chain 0.83 2.10 0.03 11 63 None
66 XOM Exxon Mobil Corp 116.59 124.20 103.67 12.46% 2/12 Yes 3.88 3.36% 3.13% 1.55% 3.21% 5.80% 49.49% Options Chain 3.43 3.05 0.03 13 75 None
67 CVX Chevron Corp 165.94 166.43 132.53 25.21% 2/14 Yes 6.60 4.01% 4.91% 2.42% 6.53% 6.15% 67.83% Options Chain 3.78 4.65 0.03 13 75 None
68 RY Royal Bank Of Canada 116.65 126.95 92.70 25.84% 4/24 No 5.70 5.02% 5.71% 2.82% 8.20% 8.38% 66.43% Options Chain 1.15 3.18 0.03 13 77 None
69 AVB Avalonbay Communities Inc 212.66 237.44 173.26 22.74% 3/31 Yes 6.80 3.22% 2.94% 1.46% 2.43% 5.23% 90.43% Options Chain 3.50 5.45 0.03 10 65 None
70 WPC W. P. Carey Inc 61.62 66.10 50.70 21.54% 3/31 Yes 3.49 5.68% 2.01% 1.00% -4.08% 2.92% 167.79% Options Chain 0.58 1.50 0.02 7 60 None
71 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 0.70 1.30 0.02 8 61 None
72 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 3.53 3.38 0.02 13 68 None
73 VICI VICI Properties Inc 31.64 33.58 25.62 23.50% 3/20 Yes 1.71 5.43% 2.06% 1.03% 5.81% 9.24% 66.89% Options Chain 0.60 0.30 0.02 11 79 None
74 BMO Bank of Montreal 98.15 106.00 75.21 30.50% 4/29 No 6.20 6.33% 3.92% 1.94% 10.67% 5.29% 83.67% Options Chain 1.58 1.63 0.02 15 79 None
75 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 0.28 0.35 0.02 13 58 None
76 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 0.70 0.58 0.01 9 73 None