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.


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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 OVV Ovintiv Inc 43.91 54.34 36.34 20.83% 3/14 Yes 1.20 2.80% 0.00% 0.00% 26.58% 3.06% 28.50% Options Chain 3.10 2.78 0.07 12 74 None
2 STX Seagate Technology Holdings Plc 84.54 113.54 79.95 5.74% 3/19 Yes 2.84 3.34% 2.13% 1.06% 1.53% 17.57% 51.64% Options Chain 5.10 5.95 0.07 14 61 None
3 CVS CVS Health Corp 67.98 71.99 43.01 58.06% 4/22 Yes 2.66 3.96% 0.00% 0.00% 7.39% 7.12% 72.68% Options Chain 3.73 4.70 0.07 12 65 None
4 HPE Hewlett Packard Enterprise Company 15.64 24.46 14.52 7.71% 3/21 No 0.52 3.30% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 0.75 1.00 0.06 18 68 None
5 WLK Westlake Corporation 99.98 160.13 97.37 2.68% 3/04 Yes 2.08 2.07% 2.44% 1.21% 16.63% 21.74% 44.15% Options Chain 6.15 5.00 0.06 12 61 None
6 SWKS Skyworks Solutions Inc 64.62 117.89 61.36 5.31% 2/24 Yes 2.78 4.30% 1.45% 0.72% 7.20% 15.07% 87.15% Options Chain 3.85 3.95 0.06 16 62
Dividend Stock List
7 QCOM Qualcomm Inc 153.05 227.03 147.88 3.50% 3/06 Yes 3.40 2.21% 1.49% 0.74% 6.03% 17.18% 36.68% Options Chain 8.03 9.00 0.06 16 65 None
8 DLR Digital Realty Trust Inc 146.05 195.06 131.44 11.12% 3/14 Yes 4.88 3.43% 0.00% 0.00% 1.27% 8.72% 303.11% Options Chain 7.85 8.45 0.06 8 60 None
9 HAL Halliburton Company 25.55 40.61 23.42 9.09% 3/05 Yes 0.68 2.71% 0.00% 0.00% 39.41% 2.18% 24.03% Options Chain 1.07 1.39 0.05 13 67 None
10 CFG Citizens Financial Group Inc 40.59 48.82 30.79 31.83% 1/31 Yes 1.68 4.10% 0.00% 0.00% 1.87% 17.29% 55.45% Options Chain 2.18 1.75 0.05 13 72 None
11 PCAR Paccar Inc 98.29 118.37 86.75 13.30% 2/12 Yes 3.93 4.04% 12.82% 6.22% 10.25% 9.67% 50.38% Options Chain 3.75 5.15 0.05 12 72 None
12 GOLD Barrick Gold Corp 19.66 21.11 15.03 30.81% 2/28 Yes 0.40 2.09% 0.00% 0.00% 2.67% -2.00% 32.79% Options Chain 0.82 1.03 0.05 17 66 None
13 DG Dollar General Corp 87.60 160.38 66.43 31.87% 4/08 No 2.36 2.74% 0.00% 0.00% 13.95% 15.13% 46.18% Options Chain 3.88 4.58 0.05 12 63 None
14 MRK Merck & Co Inc 87.12 131.54 80.35 8.43% 3/17 Yes 3.16 3.52% 3.85% 1.90% 5.25% 9.17% 46.88% Options Chain 4.03 4.50 0.05 14 74 None
15 BXP Boston Properties Inc 66.96 88.92 54.16 23.63% 3/31 Yes 3.92 5.83% 0.00% 0.00% 0.00% 3.36% 4,355.56% Options Chain 3.20 3.45 0.05 10 61 None
16 BBY Best Buy Co. Inc 74.37 101.10 66.37 12.05% 3/25 No 3.77 5.12% 1.06% 0.53% 7.93% 14.79% 88.08% Options Chain 3.30 3.80 0.05 13 62 None
17 TGT Target Corp 104.43 171.93 100.50 3.91% 5/14 No 4.46 4.27% 0.90% 0.45% 9.12% 11.54% 50.17% Options Chain 4.80 5.33 0.05 13 65 None
18 RF Regions Financial Corp 21.57 27.41 17.18 25.55% 3/03 Yes 0.99 4.56% 2.04% 1.02% 11.37% -1.71% 52.11% Options Chain 0.80 1.10 0.05 14 71 None
19 CF CF Industries Holdings Inc 79.59 97.65 67.88 17.25% 2/14 Yes 2.00 2.56% 0.00% 0.00% 13.62% 30.77% 29.67% Options Chain 3.80 4.05 0.05 11 71 None
20 KHC Kraft Heinz Company 30.34 37.12 26.90 12.79% 3/07 Yes 1.60 5.29% 0.00% 0.00% 0.00% -4.69% 70.80% Options Chain 0.69 1.53 0.05 11 70 None
21 EMN Eastman Chemical Company 88.08 112.49 85.84 2.61% 3/14 Yes 3.28 3.77% 1.84% 0.92% 4.07% 4.79% 42.76% Options Chain 3.10 4.40 0.05 13 67 None
22 CMCSA Comcast Corp - Class A 36.72 44.93 32.50 12.98% 4/02 Yes 1.24 3.39% 8.20% 4.02% 7.73% 29.38% 29.95% Options Chain 1.42 1.81 0.05 13 63 None
23 USB U.S. Bancorp. 41.77 52.79 36.12 15.64% 3/31 Yes 1.99 4.71% 1.01% 0.50% 3.25% 8.90% 53.21% Options Chain 1.66 2.04 0.05 17 70 None
24 SLB SLB 42.20 54.21 36.27 16.35% 2/05 Yes 1.11 2.66% 3.64% 1.80% 22.88% 3.48% 35.69% Options Chain 1.78 2.05 0.05 14 69 None
25 BG Bunge Global SA 77.85 112.16 66.75 16.63% 2/18 Yes 2.72 3.56% 0.65% 0.32% 7.33% 9.26% 34.04% Options Chain 3.75 3.05 0.05 17 61 None
26 BAC Bank Of America Corp 41.49 47.68 33.33 24.48% 3/07 Yes 1.02 2.44% 4.00% 1.98% 7.46% 4.40% 31.78% Options Chain 1.70 1.99 0.05 15 71 None
27 GPC Genuine Parts Company 118.45 159.51 110.92 6.79% 3/07 Yes 4.03 3.40% 3.00% 1.49% 6.03% 5.93% 62.29% Options Chain 4.85 5.65 0.05 12 59 None
28 CCI Crown Castle Inc 104.61 117.05 82.81 26.33% 3/14 Yes 6.26 6.01% 0.00% 0.00% 3.48% 12.84% -69.71% Options Chain 3.95 4.95 0.05 6 54 None
29 HBAN Huntington Bancshares Inc 14.95 18.09 11.54 29.55% 3/18 Yes 0.62 4.17% 0.00% 0.00% 0.61% 3.90% 50.82% Options Chain 0.70 0.65 0.05 12 65 None
30 MET Metlife Inc 81.16 88.48 65.86 23.23% 2/04 Yes 2.18 2.75% 1.16% 0.58% 3.50% 7.13% 36.70% Options Chain 2.43 3.80 0.05 18 72 None
31 NKE Nike Inc - Class B 64.76 96.61 62.65 3.37% 3/03 No 1.54 2.43% 5.96% 2.94% 9.08% 15.51% 51.16% Options Chain 2.83 3.00 0.05 15 57 None
32 SPG Simon Property Group Inc 166.47 187.80 132.53 25.61% 3/10 Yes 8.25 4.97% 3.70% 1.84% 9.47% 5.13% 115.38% Options Chain 4.90 7.55 0.05 10 74 None
33 ADM Archer Daniels Midland Company 48.21 64.19 44.42 8.53% 2/18 Yes 2.01 4.19% 2.00% 1.00% 8.35% 14.99% 55.07% Options Chain 1.90 2.18 0.05 12 55 None
34 ARE Alexandria Real Estate Equities Inc 91.15 125.25 91.15 0.00% 3/31 Yes 5.24 5.66% 1.73% 0.86% 4.19% 3.89% 291.11% Options Chain 3.35 4.10 0.04 16 68 None
35 FITB Fifth Third Bancorp 38.93 48.18 32.60 19.42% 3/31 Yes 1.46 3.76% 2.78% 1.38% 6.74% 8.29% 46.50% Options Chain 1.75 1.63 0.04 12 72 None
36 EQNR Equinor ASA 26.92 27.48 21.29 26.44% 2/14 Yes 1.40 5.38% 3.70% 1.84% 25.74% 4.58% 45.02% Options Chain 1.10 1.20 0.04 12 67 None
37 SU Suncor Energy Inc 39.05 40.86 33.79 15.57% 3/04 Yes 2.23 5.76% 3.40% 1.69% 21.39% 13.58% 68.20% Options Chain 1.63 1.38 0.04 13 75 None
38 HSY Hershey Company 169.62 206.26 138.94 22.08% 2/14 Yes 5.48 3.24% 0.00% 0.00% 12.59% 10.34% 50.18% Options Chain 7.00 7.00 0.04 13 62 None
39 HPQ HP Inc 27.79 39.07 26.50 4.87% 3/12 No 1.13 4.05% 3.71% 1.84% 8.63% 10.23% 40.65% Options Chain 1.08 1.14 0.04 12 51 None
40 OHI Omega Healthcare Investors Inc 38.07 42.92 27.55 38.19% 2/10 Yes 2.68 7.04% 0.00% 0.00% 0.00% 1.02% 171.79% Options Chain 1.28 1.53 0.04 12 70 None
41 OMC Omnicom Group Inc 79.77 105.28 78.69 1.37% 3/11 Yes 2.80 3.38% 0.00% 0.00% 0.00% 10.60% 37.18% Options Chain 3.05 3.20 0.04 13 71 None
42 CM Canadian Imperial Bank Of Commerce 56.91 65.94 44.36 28.29% 3/28 No 3.74 6.66% 5.72% 2.82% 6.69% 5.18% 69.39% Options Chain 1.58 2.28 0.04 16 81 None
43 LHX L3Harris Technologies Inc 209.75 263.05 192.04 9.22% 3/10 Yes 4.68 2.25% 3.45% 1.71% 4.15% 7.92% 59.47% Options Chain 8.40 7.70 0.04 13 69 None
44 EQR Equity Residential Properties Trust 71.28 77.58 57.84 23.24% 3/31 Yes 2.72 3.81% 4.53% 2.24% 3.54% 3.41% 99.91% Options Chain 1.98 2.83 0.04 10 61 None
45 COP Conoco Phillips 105.39 131.83 86.81 21.40% 2/14 Yes 3.12 3.05% 0.00% 0.00% 12.47% 5.93% 39.95% Options Chain 3.68 4.18 0.04 9 77 None
46 MO Altria Group Inc 58.79 60.08 37.59 56.40% 3/25 Yes 4.04 6.73% 2.00% 1.00% 3.76% 8.12% 61.77% Options Chain 1.83 2.33 0.04 13 69 None
47 OKE Oneok Inc 99.50 116.82 72.92 36.45% 2/03 No 4.00 4.03% 4.04% 2.00% 2.45% 7.04% 78.28% Options Chain 3.65 3.90 0.04 11 72 None
48 MFC Manulife Financial Corp 31.76 32.62 21.68 46.49% 3/05 Yes 1.64 5.33% 10.00% 4.88% 10.75% 10.90% 82.41% Options Chain 1.15 1.23 0.04 15 75 None
49 VTR Ventas Inc 69.27 70.54 40.20 72.31% 3/31 Yes 1.83 2.66% 6.67% 3.28% 1.63% 2.96% 963.16% Options Chain 2.30 2.63 0.04 7 64 None
50 GIS General Mills Inc 59.72 74.50 55.15 8.29% 4/10 No 2.39 4.06% 0.84% 0.42% 4.15% 7.59% 52.53% Options Chain 1.70 2.25 0.04 14 60 None
51 FDX Fedex Corp 241.98 309.09 217.22 11.40% 3/10 No 5.52 2.28% 2.22% 1.11% 17.46% 16.72% 34.76% Options Chain 7.15 9.08 0.04 13 63 None
52 CL Colgate-Palmolive Company 93.90 108.14 83.86 11.97% 4/17 Yes 2.00 2.15% 5.05% 2.49% 3.83% 8.64% 56.98% Options Chain 2.78 3.50 0.04 12 63 None
53 AMT American Tower Corp 219.44 239.67 166.36 31.91% 4/11 Yes 6.48 2.98% 4.94% 2.44% 6.89% 17.88% 93.64% Options Chain 6.95 8.10 0.04 12 63 None
54 XOM Exxon Mobil Corp 119.04 124.20 103.67 14.83% 2/12 Yes 3.88 3.26% 3.13% 1.55% 3.21% 5.80% 49.49% Options Chain 3.74 4.33 0.04 13 75 None
55 SYY Sysco Corp 75.42 81.68 68.04 10.85% 4/04 Yes 2.03 2.71% 0.99% 0.49% 2.61% 15.53% 51.13% Options Chain 2.73 2.35 0.04 14 62 None
56 RCI Rogers Communications Inc - Class B 25.25 41.04 26.57 4.97% 3/10 Yes 2.00 7.48% 0.00% 0.00% 0.00% 29.97% 89.69% Options Chain 0.15 0.90 0.04 15 66 None
57 DOC Healthpeak OP LLC 20.02 22.70 16.78 19.31% 2/14 Yes 1.21 5.97% 1.67% 0.83% 0.41% 1.95% 334.72% Options Chain 0.08 0.70 0.03 7 56 None
58 TSN Tyson Foods Inc - Class A 63.11 65.82 52.36 20.53% 5/30 Yes 1.98 3.10% 1.52% 0.76% 2.74% 17.72% 66.00% Options Chain 1.85 2.18 0.03 20 62 None
59 WY Weyerhaeuser Company 29.14 34.38 26.21 11.18% 3/07 Yes 0.81 2.77% 5.00% 2.47% -8.15% 2.22% 150.00% Options Chain 0.73 1.00 0.03 10 52 None
60 VZ Verizon Communications Inc 45.38 47.36 36.69 23.68% 4/10 Yes 2.69 5.92% 1.40% 0.70% 1.81% 2.99% 64.86% Options Chain 1.41 1.49 0.03 12 72 None
61 CVX Chevron Corp 168.51 168.96 132.53 27.15% 2/14 Yes 6.60 3.97% 4.91% 2.42% 6.53% 6.15% 67.90% Options Chain 4.68 5.33 0.03 13 75 None
62 TTE TotalEnergies SE 64.49 71.00 51.78 24.55% 6/18 Yes 3.37 5.20% 2.08% 1.03% 2.58% 1.07% 50.08% Options Chain 1.90 2.03 0.03 13 63 None
63 PLD Prologis Inc 111.45 129.30 97.78 13.98% 3/18 Yes 3.89 3.48% 5.21% 2.57% 12.52% 4.21% 95.34% Options Chain 2.90 3.40 0.03 10 69 None
64 PAYX Paychex Inc 154.59 158.37 112.98 36.83% 2/07 Yes 3.92 2.54% 2.35% 1.17% 10.81% 24.65% 79.03% Options Chain 4.45 4.70 0.03 15 62 None
65 PRU Prudential Financial Inc 111.69 128.97 100.99 10.60% 2/18 Yes 5.25 4.70% 3.85% 1.90% 4.09% 10.52% 70.66% Options Chain 3.05 3.30 0.03 16 67 None
66 TROW T. Rowe Price Group Inc 92.27 122.80 89.70 2.87% 3/14 Yes 4.99 5.43% 2.42% 1.20% 4.13% 17.19% 54.36% Options Chain 2.70 2.65 0.03 21 61
Dividend Stock List
67 PG Procter & Gamble Company 170.56 179.99 150.79 13.11% 1/24 Yes 4.03 2.36% 1.66% 0.83% 4.31% 8.68% 63.30% Options Chain 4.95 4.48 0.03 13 70 None
68 VICI VICI Properties Inc 32.44 33.57 25.62 26.62% 3/20 Yes 1.71 5.25% 2.06% 1.03% 5.81% 9.24% 66.89% Options Chain 0.93 0.80 0.03 10 79 None
69 NLY Annaly Capital Management Inc 20.09 21.36 15.43 30.20% 3/31 Yes 2.65 13.05% 7.69% 3.77% -5.56% -0.43% 163.58% Options Chain 0.42 0.52 0.03 11 61 None
70 O Realty Income Corp 57.15 63.08 47.90 19.31% 4/01 Yes 3.16 5.45% 5.33% 2.63% 3.56% 3.03% 316.35% Options Chain 1.40 0.78 0.02 8 61 None
71 BMO Bank of Montreal 96.43 106.00 75.21 28.21% 4/29 No 6.20 6.49% 3.92% 1.94% 10.67% 5.29% 83.45% Options Chain 1.03 2.33 0.02 15 79 None
72 RY Royal Bank Of Canada 113.65 126.95 92.70 22.60% 4/24 No 5.70 5.06% 5.71% 2.82% 8.20% 8.38% 67.30% Options Chain 2.58 2.03 0.02 13 79 None
73 WPC W. P. Carey Inc 63.03 65.16 49.98 26.11% 3/31 Yes 3.52 5.57% 2.01% 1.00% -4.08% 2.92% 168.18% Options Chain 1.23 0.78 0.02 7 61 None
74 KIM Kimco Realty Corporation 21.14 25.28 16.81 25.76% 3/07 No 0.98 4.68% 3.09% 1.53% 10.12% 3.55% 178.18% Options Chain 0.25 0.38 0.02 13 58 None
75 MPLX MPLX LP 53.65 54.87 36.51 46.95% 2/03 Yes 3.61 6.75% 9.11% 4.46% 8.43% 11.76% 85.82% Options Chain 0.73 0.50 0.01 9 73 None