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.
| 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 | NLY | Annaly Capital Management Inc | 19.48 | 21.36 | 16.60 | 17.35% | 6/30 | Yes | 2.65 | 13.60% | 7.69% | 3.77% | -5.56% | -0.43% | 284.95% | Options Chain | 0.46 | 2.53 | 0.13 | 10 | 57 | None | |
| 2 | HAL | Halliburton Company | 21.98 | 36.11 | 18.56 | 18.43% | 6/04 | No | 0.68 | 3.09% | 0.00% | 0.00% | 39.41% | 2.18% | 27.87% | Options Chain | 0.83 | 2.12 | 0.10 | 11 | 64 | None | |
| 3 | NKE | Nike Inc - Class B | 62.80 | 95.97 | 51.93 | 20.93% | 6/02 | Yes | 1.57 | 2.50% | 5.96% | 2.94% | 9.08% | 15.51% | 52.16% | Options Chain | 3.83 | 4.65 | 0.07 | 16 | 60 | None | |
| 4 | FDX | Fedex Corp | 225.00 | 309.09 | 194.29 | 15.81% | 6/23 | Yes | 5.52 | 2.45% | 7.41% | 3.64% | 18.92% | 16.72% | 35.36% | Options Chain | 11.63 | 15.95 | 0.07 | 14 | 63 | None | |
| 5 | DKS | Dicks Sporting Goods Inc | 184.39 | 251.47 | 165.28 | 11.56% | 6/13 | No | 4.62 | 2.51% | 10.23% | 4.99% | 31.95% | 19.87% | 33.06% | Options Chain | 8.60 | 11.50 | 0.06 | 12 | 73 | None | |
| 6 | EOG | EOG Resources Inc | 120.59 | 136.61 | 101.59 | 18.70% | 10/17 | No | 3.77 | 3.13% | 8.38% | 9.34% | 25.07% | 15.56% | 34.91% | Options Chain | 6.30 | 7.35 | 0.06 | 16 | 78 |
Dividend Stock List |
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| 7 | TGT | Target Corp | 99.29 | 162.93 | 86.36 | 14.97% | 8/13 | No | 4.48 | 4.51% | 2.70% | 1.34% | 9.60% | 11.54% | 49.23% | Options Chain | 4.98 | 6.03 | 0.06 | 14 | 66 | None | |
| 8 | WY | Weyerhaeuser Company | 27.24 | 33.31 | 23.91 | 13.93% | 5/30 | No | 0.82 | 3.01% | 5.00% | 2.47% | -8.15% | 2.22% | 167.35% | Options Chain | 0.40 | 1.58 | 0.06 | 8 | 52 | None | |
| 9 | MRK | Merck & Co Inc | 81.82 | 131.54 | 73.31 | 11.61% | 6/16 | Yes | 3.16 | 3.86% | 3.85% | 1.90% | 5.25% | 9.17% | 46.47% | Options Chain | 4.70 | 4.43 | 0.06 | 15 | 73 | None | |
| 10 | CVX | Chevron Corp | 144.97 | 166.93 | 130.45 | 11.13% | 5/19 | Yes | 6.68 | 4.61% | 4.91% | 2.42% | 6.53% | 6.15% | 76.43% | Options Chain | 4.48 | 8.20 | 0.06 | 13 | 77 | None | |
| 11 | SLB | SLB | 35.63 | 49.52 | 30.85 | 15.49% | 6/04 | Yes | 1.12 | 3.14% | 3.64% | 1.80% | 22.88% | 3.48% | 37.97% | Options Chain | 1.65 | 1.99 | 0.06 | 11 | 68 | None | |
| 12 | COP | Conoco Phillips | 94.69 | 115.03 | 79.21 | 19.54% | 5/19 | No | 3.12 | 3.29% | 0.00% | 0.00% | 12.47% | 5.93% | 39.54% | Options Chain | 4.95 | 5.20 | 0.05 | 12 | 76 | None | |
| 13 | JNPR | Juniper Networks Inc | 35.92 | 39.07 | 33.22 | 8.13% | 6/02 | No | 0.88 | 2.45% | 0.00% | 0.00% | 2.41% | 9.16% | 83.81% | Options Chain | 0.75 | 1.95 | 0.05 | 15 | 50 | None | |
| 14 | LMT | Lockheed Martin Corp | 469.27 | 606.41 | 413.77 | 13.41% | 6/02 | Yes | 13.05 | 2.78% | 3.53% | 1.75% | 5.64% | 10.52% | 56.30% | Options Chain | 23.95 | 23.65 | 0.05 | 13 | 71 | None | |
| 15 | AMGN | AMGEN Inc | 295.22 | 336.01 | 249.07 | 18.53% | 5/16 | No | 9.26 | 3.14% | 5.78% | 2.85% | 7.84% | 16.50% | 84.88% | Options Chain | 13.58 | 14.75 | 0.05 | 11 | 71 | None | |
| 16 | ARE | Alexandria Real Estate Equities Inc | 72.11 | 125.25 | 67.37 | 7.04% | 6/30 | No | 5.24 | 7.27% | 1.73% | 0.86% | 4.19% | 3.89% | 689.47% | Options Chain | 2.78 | 3.55 | 0.05 | 14 | 68 | None | |
| 17 | CCI | Crown Castle Inc | 98.39 | 115.80 | 81.93 | 20.09% | 6/13 | Yes | 5.76 | 5.85% | -32.11% | -17.60% | -6.07% | 12.84% | -63.90% | Options Chain | 2.58 | 4.80 | 0.05 | 4 | 55 | None | |
| 18 | XOM | Exxon Mobil Corp | 109.50 | 123.07 | 96.91 | 12.99% | 5/15 | No | 3.92 | 3.58% | 3.13% | 1.55% | 3.21% | 5.80% | 52.06% | Options Chain | 4.75 | 5.00 | 0.05 | 12 | 76 | None | |
| 19 | BAH | Booz Allen Hamilton Holding Corp - Class A | 103.30 | 188.04 | 99.13 | 4.21% | 6/11 | No | 2.12 | 2.05% | 7.84% | 3.85% | 10.42% | 15.55% | 29.24% | Options Chain | 3.55 | 4.65 | 0.05 | 16 | 61 | None | |
| 20 | OKE | Oneok Inc | 82.65 | 115.36 | 74.37 | 11.13% | 5/05 | No | 4.04 | 4.89% | 4.04% | 2.00% | 2.45% | 7.04% | 78.91% | Options Chain | 2.78 | 3.65 | 0.04 | 13 | 74 | None | |
| 21 | CTRA | Coterra Energy Inc | 26.14 | 29.56 | 21.75 | 20.18% | 5/15 | No | 0.86 | 3.29% | 4.76% | 2.35% | 9.15% | 13.36% | 50.59% | Options Chain | 0.90 | 1.10 | 0.04 | 12 | 70 | None | |
| 22 | FNF | Fidelity National Financial Inc | 56.17 | 66.72 | 46.65 | 20.41% | 6/16 | No | 1.96 | 3.49% | 3.09% | 1.53% | 6.41% | 2.85% | 47.92% | Options Chain | 2.18 | 2.35 | 0.04 | 14 | 66 | None | |
| 23 | FITB | Fifth Third Bancorp | 38.98 | 48.18 | 32.25 | 20.87% | 6/30 | Yes | 1.46 | 3.75% | 2.78% | 1.38% | 6.74% | 8.29% | 46.35% | Options Chain | 1.33 | 1.58 | 0.04 | 10 | 72 | None | |
| 24 | OMC | Omnicom Group Inc | 71.19 | 104.25 | 68.45 | 4.00% | 6/10 | Yes | 2.80 | 3.93% | 0.00% | 0.00% | 0.00% | 10.60% | 38.25% | Options Chain | 2.45 | 2.85 | 0.04 | 14 | 68 | None | |
| 25 | HD | Home Depot Inc | 363.16 | 431.63 | 323.83 | 12.15% | 6/05 | No | 9.10 | 2.51% | 2.22% | 1.11% | 8.66% | 28.30% | 63.11% | Options Chain | 13.08 | 14.38 | 0.04 | 9 | 60 | None | |
| 26 | CHRW | C.H. Robinson Worldwide Inc | 93.54 | 113.35 | 81.19 | 15.21% | 6/06 | No | 2.48 | 2.65% | 0.81% | 0.41% | 4.50% | 15.17% | 59.19% | Options Chain | 2.30 | 3.70 | 0.04 | 14 | 55 | None | |
| 27 | DOC | Healthpeak OP LLC | 17.50 | 22.44 | 16.64 | 5.17% | 6/16 | No | 3.21 | 18.33% | 0.00% | 0.00% | 0.00% | 0.00% | 782.52% | Options Chain | 0.28 | 0.68 | 0.04 | 13 | 49 | None | |
| 28 | CMCSA | Comcast Corp - Class A | 35.01 | 44.53 | 31.44 | 11.35% | 7/02 | No | 1.26 | 3.60% | 8.20% | 4.02% | 7.73% | 29.38% | 31.42% | Options Chain | 1.34 | 1.08 | 0.04 | 12 | 63 | None | |
| 29 | CL | Colgate-Palmolive Company | 90.26 | 107.54 | 84.85 | 6.38% | 7/18 | Yes | 2.02 | 2.24% | 5.05% | 2.49% | 3.83% | 8.64% | 56.58% | Options Chain | 3.20 | 3.40 | 0.04 | 13 | 63 | None | |
| 30 | BDX | Becton Dickinson & Company | 172.21 | 249.34 | 162.35 | 6.07% | 6/09 | No | 4.07 | 2.36% | 6.94% | 3.41% | 5.48% | 10.58% | 78.88% | Options Chain | 4.25 | 6.40 | 0.04 | 12 | 62 | None | |
| 31 | UNP | Union Pacific Corp | 224.95 | 253.90 | 203.43 | 10.58% | 5/30 | Yes | 5.36 | 2.38% | 1.52% | 0.75% | 5.72% | 8.43% | 48.29% | Options Chain | 7.55 | 8.10 | 0.04 | 12 | 63 | None | |
| 32 | VZ | Verizon Communications Inc | 43.20 | 46.61 | 36.47 | 18.45% | 7/10 | Yes | 2.70 | 6.24% | 1.40% | 0.70% | 1.81% | 2.99% | 64.23% | Options Chain | 1.26 | 1.54 | 0.04 | 14 | 72 | None | |
| 33 | CLX | Clorox Company | 123.07 | 168.60 | 122.83 | 0.20% | 4/23 | No | 4.88 | 3.97% | 0.83% | 0.41% | 1.82% | 8.97% | 87.93% | Options Chain | 2.75 | 4.25 | 0.03 | 15 | 55 | None | |
| 34 | MDT | Medtronic Plc | 88.49 | 95.49 | 74.13 | 19.37% | 6/27 | No | 2.80 | 3.16% | 1.79% | 0.89% | 3.55% | 16.48% | 77.56% | Options Chain | 2.82 | 2.97 | 0.03 | 12 | 64 | None | |
| 35 | REG | Regency Centers Corporation | 71.06 | 76.68 | 58.39 | 21.70% | 6/11 | No | 2.79 | 3.92% | 3.87% | 1.92% | 4.01% | 2.29% | 131.99% | Options Chain | 2.25 | 1.93 | 0.03 | 12 | 69 | None | |
| 36 | GIS | General Mills Inc | 54.74 | 73.73 | 52.39 | 4.49% | 4/10 | Yes | 2.40 | 4.38% | 0.84% | 0.42% | 4.15% | 7.59% | 52.75% | Options Chain | 1.30 | 1.73 | 0.03 | 12 | 60 | None | |
| 37 | PG | Procter & Gamble Company | 163.18 | 178.84 | 155.17 | 5.16% | 4/21 | Yes | 4.08 | 2.50% | 6.74% | 3.32% | 5.59% | 8.68% | 64.70% | Options Chain | 5.08 | 4.45 | 0.03 | 12 | 72 | None | |
| 38 | MET | Metlife Inc | 78.99 | 87.83 | 64.73 | 22.03% | 5/06 | No | 2.20 | 2.79% | 5.34% | 2.63% | 4.55% | 7.13% | 36.23% | Options Chain | 2.45 | 2.33 | 0.03 | 20 | 73 | None | |
| 39 | CNI | Canadian National Railway Company | 103.77 | 121.10 | 91.08 | 13.93% | 6/09 | No | 3.46 | 3.34% | 5.03% | 2.48% | 9.60% | 15.33% | 66.00% | Options Chain | 2.33 | 3.15 | 0.03 | 12 | 67 | None | |
| 40 | QSR | Restaurant Brands International Inc | 68.31 | 73.13 | 58.71 | 16.35% | 6/24 | No | 2.36 | 3.45% | 6.90% | 3.39% | 4.00% | 23.10% | 80.00% | Options Chain | 1.80 | 2.05 | 0.03 | 9 | 68 | None | |
| 41 | OHI | Omega Healthcare Investors Inc | 37.02 | 42.14 | 29.89 | 23.85% | 5/05 | No | 2.68 | 7.24% | 0.00% | 0.00% | 0.00% | 1.02% | 166.46% | Options Chain | 1.05 | 0.85 | 0.03 | 13 | 71 | None | |
| 42 | TTE | TotalEnergies SE | 63.07 | 68.15 | 51.78 | 21.80% | 9/30 | No | 3.39 | 5.37% | 2.08% | 1.03% | 2.58% | 1.07% | 56.77% | Options Chain | 0.98 | 1.65 | 0.03 | 13 | 63 | None | |
| 43 | TSN | Tyson Foods Inc - Class A | 55.40 | 65.23 | 52.18 | 6.17% | 8/29 | No | 1.99 | 3.59% | 1.52% | 0.76% | 2.74% | 17.72% | 77.43% | Options Chain | 1.38 | 1.38 | 0.02 | 13 | 62 | None | |
| 44 | PCAR | Paccar Inc | 93.64 | 115.03 | 84.36 | 11.00% | 5/14 | No | 3.96 | 4.23% | 12.82% | 6.22% | 10.25% | 9.67% | 60.09% | Options Chain | 2.10 | 2.33 | 0.02 | 13 | 70 | None | |
| 45 | KHC | Kraft Heinz Company | 26.46 | 35.08 | 25.62 | 3.28% | 5/30 | No | 1.60 | 6.05% | 0.00% | 0.00% | 0.00% | -4.69% | 73.39% | Options Chain | 0.46 | 0.62 | 0.02 | 11 | 68 | None | |
| 46 | O | Realty Income Corp | 57.96 | 62.49 | 49.07 | 18.12% | 7/01 | No | 3.18 | 5.49% | 5.52% | 2.73% | 3.61% | 3.03% | 289.18% | Options Chain | 1.33 | 1.25 | 0.02 | 11 | 61 | None | |
| 47 | TROW | T. Rowe Price Group Inc | 94.50 | 121.15 | 76.80 | 23.05% | 6/13 | No | 5.02 | 5.31% | 2.42% | 1.20% | 4.13% | 17.19% | 56.98% | Options Chain | 1.55 | 2.13 | 0.02 | 20 | 61 |
Dividend Stock List |
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| 48 | SPG | Simon Property Group Inc | 158.79 | 185.37 | 134.57 | 18.00% | 6/09 | No | 8.35 | 5.26% | 3.70% | 1.84% | 9.47% | 5.13% | 132.96% | Options Chain | 3.40 | 3.55 | 0.02 | 9 | 72 | None | |
| 49 | ITW | Illinois Tool Works Inc | 246.01 | 276.43 | 214.66 | 14.60% | 6/30 | No | 5.90 | 2.40% | 3.45% | 1.71% | 6.18% | 13.63% | 52.44% | Options Chain | 2.28 | 5.45 | 0.02 | 12 | 62 | None | |
| 50 | JNJ | Johnson & Johnson | 156.66 | 168.55 | 138.38 | 13.21% | 5/27 | Yes | 5.02 | 3.20% | 5.91% | 2.91% | 5.55% | 13.03% | 56.22% | Options Chain | 3.25 | 2.67 | 0.02 | 16 | 73 | None | |
| 51 | SYY | Sysco Corp | 75.39 | 81.12 | 67.12 | 12.32% | 7/03 | No | 2.04 | 2.71% | 6.93% | 3.41% | 4.09% | 15.53% | 52.71% | Options Chain | 1.38 | 1.18 | 0.02 | 14 | 63 | None | |
| 52 | EQR | Equity Residential Properties Trust | 70.17 | 76.83 | 59.41 | 18.11% | 6/24 | No | 2.72 | 3.87% | 4.53% | 2.24% | 3.54% | 3.41% | 103.72% | Options Chain | 1.00 | 1.25 | 0.02 | 11 | 62 | None | |
| 53 | UL | Unilever plc | 63.19 | 65.11 | 52.67 | 19.97% | 5/16 | No | 1.94 | 3.07% | 11.45% | 5.57% | 0.61% | 3.75% | 73.50% | Options Chain | 0.40 | 1.05 | 0.02 | 11 | 63 | None | |
| 54 | GLPI | Gaming and Leisure Properties Inc | 47.41 | 50.60 | 40.62 | 16.72% | 6/13 | No | 3.06 | 6.45% | 2.63% | 1.31% | 4.07% | 3.87% | 108.51% | Options Chain | 0.63 | 0.53 | 0.01 | 12 | 73 | None | |
| 55 | WPC | W. P. Carey Inc | 63.28 | 65.16 | 51.58 | 22.68% | 6/30 | No | 3.52 | 5.55% | 3.15% | 1.56% | -3.81% | 2.92% | 181.19% | Options Chain | 0.53 | 0.70 | 0.01 | 9 | 60 | None | |
| 56 | VICI | VICI Properties Inc | 32.50 | 33.58 | 26.44 | 22.92% | 6/18 | No | 1.71 | 5.27% | 2.06% | 1.03% | 5.81% | 9.24% | 68.50% | Options Chain | 0.35 | 0.15 | 0.01 | 11 | 78 | None | |
| 57 | RCI | Rogers Communications Inc - Class B | 27.66 | 39.99 | 22.86 | 21.00% | 6/09 | No | 2.00 | 7.23% | 0.00% | 0.00% | 0.00% | 29.97% | 84.39% | Options Chain | 0.15 | 0.23 | 0.01 | 16 | 64 | None | |
| 58 | KIM | Kimco Realty Corporation | 21.02 | 24.97 | 17.71 | 18.69% | 6/06 | No | 0.99 | 4.71% | 3.09% | 1.53% | 10.12% | 3.55% | 132.00% | Options Chain | 0.10 | 0.00 | 11 | 60 | None |