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 SWKS Skyworks Solutions Inc 64.12 117.89 61.36 4.50% 2/24 Yes 2.78 4.34% 1.45% 0.72% 7.20% 15.07% 87.15% Options Chain 3.70 4.25 0.07 16 61
Dividend Stock List
2 CVS CVS Health Corp 67.59 76.49 43.01 57.15% 4/22 Yes 2.66 3.94% 0.00% 0.00% 7.39% 7.12% 72.28% Options Chain 3.35 4.25 0.06 12 65 None
3 QCOM Qualcomm Inc 152.72 227.03 148.63 2.75% 3/06 Yes 3.40 2.23% 1.49% 0.74% 6.03% 17.18% 36.68% Options Chain 8.13 9.53 0.06 16 65 None
4 HPE Hewlett Packard Enterprise Company 15.90 24.46 14.52 9.50% 3/21 No 0.52 3.27% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 0.88 0.99 0.06 18 70 None
5 OVV Ovintiv Inc 42.22 54.34 36.34 16.18% 3/14 Yes 1.20 2.84% 0.00% 0.00% 26.58% 3.06% 28.50% Options Chain 2.28 2.60 0.06 13 75 None
6 DG Dollar General Corp 87.54 160.38 66.43 31.78% 4/08 No 2.36 2.70% 0.00% 0.00% 13.95% 15.13% 44.70% Options Chain 3.21 5.08 0.06 12 63 None
7 CF CF Industries Holdings Inc 77.98 97.65 67.88 14.88% 2/14 Yes 2.00 2.56% 0.00% 0.00% 13.62% 30.77% 29.20% Options Chain 4.00 4.50 0.06 12 71 None
8 MTB M & T Bank Corp 175.28 222.74 129.09 35.78% 3/03 Yes 5.40 3.08% 0.93% 0.47% 4.66% 12.09% 37.04% Options Chain 8.65 9.85 0.06 10 80 None
9 TGT Target Corp 103.65 176.42 101.76 1.86% 5/14 No 4.46 4.30% 0.90% 0.45% 9.12% 11.54% 50.17% Options Chain 4.45 5.80 0.06 13 65 None
10 DLR Digital Realty Trust Inc 144.95 195.06 131.44 10.28% 3/14 Yes 4.88 3.37% 0.00% 0.00% 1.27% 8.72% 303.11% Options Chain 5.85 8.05 0.06 7 61 None
11 NKE Nike Inc - Class B 63.29 96.61 64.95 2.56% 3/03 No 1.54 2.43% 5.96% 2.94% 9.08% 15.51% 51.16% Options Chain 2.44 3.45 0.05 15 57 None
12 BXP Boston Properties Inc 68.00 88.92 54.16 25.55% 3/31 Yes 3.92 5.76% 0.00% 0.00% 0.00% 3.36% 4,355.56% Options Chain 3.15 3.60 0.05 10 61 None
13 HAL Halliburton Company 25.32 40.61 23.42 8.11% 3/05 Yes 0.68 2.69% 0.00% 0.00% 39.41% 2.18% 24.03% Options Chain 1.34 1.16 0.05 13 67 None
14 OKE Oneok Inc 98.48 116.82 72.92 35.05% 2/03 No 4.00 4.06% 4.04% 2.00% 2.45% 7.04% 78.28% Options Chain 3.30 5.15 0.05 11 72 None
15 PCAR Paccar Inc 96.91 119.51 86.75 11.71% 2/12 Yes 3.93 4.06% 12.82% 6.22% 10.25% 9.67% 50.38% Options Chain 4.70 5.05 0.05 13 72 None
16 PRU Prudential Financial Inc 110.07 128.97 100.99 8.99% 2/18 Yes 5.25 4.77% 3.85% 1.90% 4.09% 10.52% 70.66% Options Chain 5.60 4.05 0.05 16 68 None
17 KHC Kraft Heinz Company 30.24 37.12 26.90 12.42% 3/07 Yes 1.60 5.29% 0.00% 0.00% 0.00% -4.69% 70.80% Options Chain 1.22 1.53 0.05 12 70 None
18 BBY Best Buy Co. Inc 75.00 101.10 66.37 13.00% 3/25 No 3.77 5.03% 1.06% 0.53% 7.93% 14.79% 88.08% Options Chain 3.65 3.78 0.05 12 62 None
19 CFG Citizens Financial Group Inc 41.25 48.82 30.79 33.97% 1/31 Yes 1.68 4.07% 0.00% 0.00% 1.87% 17.29% 55.45% Options Chain 2.05 1.90 0.05 13 72 None
20 ADM Archer Daniels Midland Company 48.49 64.19 44.42 9.16% 2/18 Yes 2.01 4.15% 2.00% 1.00% 8.35% 14.99% 53.74% Options Chain 2.40 1.88 0.05 12 55 None
21 FNF Fidelity National Financial Inc 65.29 66.09 45.29 44.16% 3/17 Yes 1.96 3.00% 3.09% 1.53% 6.41% 2.85% 42.52% Options Chain 3.23 2.85 0.05 12 63 None
22 BAC Bank Of America Corp 42.58 47.68 33.33 27.75% 3/07 Yes 1.02 2.40% 4.00% 1.98% 7.46% 4.40% 31.78% Options Chain 1.59 2.10 0.05 15 71 None
23 USB U.S. Bancorp. 42.26 53.42 36.55 15.62% 3/31 Yes 1.98 4.69% 1.01% 0.50% 3.25% 8.90% 52.94% Options Chain 1.70 2.08 0.05 17 70 None
24 GPC Genuine Parts Company 120.55 159.51 110.92 8.68% 3/07 Yes 4.03 3.34% 3.00% 1.49% 6.03% 5.93% 62.00% Options Chain 5.05 5.90 0.05 12 60 None
25 NEE NextEra Energy Inc 70.45 84.83 59.63 18.15% 2/28 Yes 2.11 3.00% 10.00% 4.88% 10.14% 5.68% 61.74% Options Chain 2.64 3.40 0.05 12 65 None
26 SLB SLB 41.88 54.21 36.27 15.47% 2/05 Yes 1.11 2.65% 3.64% 1.80% 22.88% 3.48% 35.69% Options Chain 1.88 2.01 0.05 14 69 None
27 BG Bunge Global SA 76.50 112.16 66.75 14.61% 2/18 Yes 2.72 3.56% 0.65% 0.32% 7.33% 9.26% 33.01% Options Chain 3.15 3.65 0.05 17 61 None
28 MRK Merck & Co Inc 89.23 131.54 80.35 11.05% 3/17 Yes 3.16 3.54% 3.85% 1.90% 5.25% 9.17% 46.88% Options Chain 3.93 4.23 0.05 14 74 None
29 WY Weyerhaeuser Company 29.36 35.16 26.21 12.02% 3/07 Yes 0.81 2.76% 5.00% 2.47% -8.15% 2.22% 150.00% Options Chain 1.20 1.38 0.05 10 52 None
30 MFC Manulife Financial Corp 30.76 32.62 21.68 41.88% 3/05 Yes 1.64 5.33% 10.00% 4.88% 10.75% 10.90% 82.83% Options Chain 1.20 1.43 0.05 15 76 None
31 FITB Fifth Third Bancorp 39.81 48.65 32.91 20.97% 3/31 Yes 1.44 3.62% 2.78% 1.38% 6.74% 8.29% 45.86% Options Chain 1.50 1.85 0.05 12 71 None
32 EQNR Equinor ASA 26.14 27.48 21.29 22.78% 2/14 Yes 1.40 5.36% 3.70% 1.84% 25.74% 4.58% 45.02% Options Chain 1.20 1.20 0.05 13 67 None
33 MET Metlife Inc 79.23 88.48 65.86 20.30% 2/04 Yes 2.18 2.75% 1.16% 0.58% 3.50% 7.13% 36.64% Options Chain 2.78 3.60 0.05 18 72 None
34 GOLD Barrick Gold Corp 19.55 21.11 15.03 30.07% 2/28 Yes 0.40 2.05% 0.00% 0.00% 2.67% -2.00% 32.79% Options Chain 0.58 0.87 0.04 18 66 None
35 SYY Sysco Corp 74.10 81.68 68.04 8.91% 4/04 Yes 2.03 2.74% 0.99% 0.49% 2.61% 15.53% 51.13% Options Chain 2.18 3.18 0.04 14 62 None
36 LHX L3Harris Technologies Inc 207.75 263.05 192.04 8.18% 3/10 Yes 4.68 2.25% 3.45% 1.71% 4.15% 7.92% 59.69% Options Chain 7.85 8.80 0.04 13 70 None
37 COP Conoco Phillips 102.82 131.83 86.81 18.44% 2/14 Yes 3.12 3.03% 0.00% 0.00% 12.47% 5.93% 40.10% Options Chain 3.70 4.28 0.04 9 77 None
38 UNM Unum Group 80.00 84.48 47.42 68.71% 1/24 Yes 1.62 2.03% 7.01% 3.44% 9.47% 5.73% 17.27% Options Chain 3.30 3.30 0.04 14 70 None
39 ARE Alexandria Real Estate Equities Inc 95.71 127.00 93.25 2.64% 3/31 Yes 5.19 5.42% 1.73% 0.86% 4.19% 3.89% 289.94% Options Chain 3.75 3.90 0.04 16 65 None
40 OHI Omega Healthcare Investors Inc 38.08 42.92 27.55 38.22% 2/10 Yes 2.68 7.04% 0.00% 0.00% 0.00% 1.02% 171.79% Options Chain 1.35 1.55 0.04 12 70 None
41 TSN Tyson Foods Inc - Class A 62.37 65.82 52.36 19.12% 5/30 Yes 1.98 3.17% 1.52% 0.76% 2.74% 17.72% 66.00% Options Chain 2.53 2.28 0.04 20 61 None
42 HPQ HP Inc 28.65 39.07 26.50 8.11% 3/12 No 1.13 3.94% 3.71% 1.84% 8.63% 10.23% 40.79% Options Chain 1.15 1.08 0.04 12 51 None
43 CCI Crown Castle Inc 102.59 117.05 82.81 23.89% 3/14 Yes 6.26 6.10% 0.00% 0.00% 3.48% 12.84% -68.72% Options Chain 3.40 4.05 0.04 6 54 None
44 TTE TotalEnergies SE 64.15 71.00 51.78 23.89% 6/18 Yes 3.37 5.25% 2.08% 1.03% 2.58% 1.07% 50.08% Options Chain 1.48 2.53 0.04 13 62 None
45 SPG Simon Property Group Inc 164.28 187.80 132.53 23.96% 3/10 Yes 8.25 5.02% 3.70% 1.84% 9.47% 5.13% 115.38% Options Chain 6.45 6.25 0.04 10 74 None
46 CMCSA Comcast Corp - Class A 37.37 44.93 32.50 14.98% 4/02 Yes 1.24 3.32% 8.20% 4.02% 7.73% 29.38% 29.95% Options Chain 1.09 1.44 0.04 14 63 None
47 VZ Verizon Communications Inc 44.93 47.36 36.69 22.46% 4/10 Yes 2.69 5.98% 1.40% 0.70% 1.81% 2.99% 64.86% Options Chain 1.26 1.72 0.04 12 72 None
48 NLY Annaly Capital Management Inc 20.66 22.11 15.97 29.37% 3/31 Yes 2.60 12.58% 7.69% 3.77% -5.56% -0.43% 160.49% Options Chain 0.28 0.79 0.04 11 62 None
49 EXR Extra Space Storage Inc 145.19 180.93 125.76 15.45% 3/14 Yes 6.48 4.46% 0.00% 0.00% 9.54% 11.52% 160.40% Options Chain 4.30 5.55 0.04 10 60 None
50 FDX Fedex Corp 243.92 309.09 217.22 12.29% 3/10 No 5.52 2.26% 2.22% 1.11% 17.46% 16.72% 34.72% Options Chain 7.53 9.30 0.04 13 63 None
51 OMC Omnicom Group Inc 80.24 105.28 78.69 1.97% 3/11 Yes 2.80 3.49% 0.00% 0.00% 0.00% 10.60% 37.18% Options Chain 2.35 3.03 0.04 13 72 None
52 BMO Bank of Montreal 97.03 106.00 75.21 29.01% 4/29 No 6.20 6.39% 3.92% 1.94% 10.67% 5.29% 83.45% Options Chain 2.53 3.58 0.04 15 79 None
53 MO Altria Group Inc 58.15 58.61 37.59 54.70% 3/25 Yes 4.04 6.95% 2.00% 1.00% 3.76% 8.12% 61.77% Options Chain 1.53 2.14 0.04 13 69 None
54 RF Regions Financial Corp 21.42 27.41 17.18 24.68% 3/03 Yes 0.99 4.62% 2.04% 1.02% 11.37% -1.71% 52.11% Options Chain 0.75 0.70 0.04 14 71 None
55 PLD Prologis Inc 110.45 129.30 97.78 12.96% 3/18 Yes 3.89 3.52% 5.21% 2.57% 12.52% 4.21% 95.34% Options Chain 2.58 3.85 0.03 11 69 None
56 VICI VICI Properties Inc 32.01 33.57 25.62 24.94% 3/20 Yes 1.71 5.35% 2.06% 1.03% 5.81% 9.24% 66.89% Options Chain 0.78 1.08 0.03 11 79 None
57 PFG Principal Financial Group Inc 83.06 90.38 70.33 18.10% 3/12 Yes 2.91 3.50% 5.26% 2.60% 5.30% 11.40% 43.56% Options Chain 2.78 1.80 0.03 16 70 None
58 TROW T. Rowe Price Group Inc 91.57 122.80 90.33 1.37% 3/14 Yes 4.99 5.45% 2.42% 1.20% 4.13% 17.19% 54.36% Options Chain 2.58 3.03 0.03 21 61
Dividend Stock List
59 DOC Healthpeak OP LLC 20.22 22.70 16.78 20.50% 2/14 Yes 1.21 5.96% 1.67% 0.83% 0.41% 1.95% 334.72% Options Chain 0.13 0.65 0.03 8 56 None
60 XOM Exxon Mobil Corp 117.73 124.20 103.67 13.56% 2/12 Yes 3.88 3.30% 3.13% 1.55% 3.21% 5.80% 49.49% Options Chain 2.85 3.61 0.03 13 75 None
61 CVX Chevron Corp 166.65 168.96 132.53 25.75% 2/14 Yes 6.60 3.96% 4.91% 2.42% 6.53% 6.15% 67.90% Options Chain 4.43 5.03 0.03 13 75 None
62 EQR Equity Residential Properties Trust 71.26 77.58 57.84 23.20% 3/31 Yes 2.70 3.79% 4.53% 2.24% 3.54% 3.41% 99.26% Options Chain 1.73 2.00 0.03 11 61 None
63 PAYX Paychex Inc 151.03 158.37 111.41 35.56% 2/07 Yes 3.92 2.60% 2.35% 1.17% 10.81% 24.65% 79.03% Options Chain 2.75 4.05 0.03 15 64 None
64 GLPI Gaming and Leisure Properties Inc 50.49 51.44 39.28 28.54% 3/14 Yes 3.04 6.02% 0.00% 0.00% 3.39% 3.87% 105.92% Options Chain 1.33 0.55 0.03 10 76 None
65 AMT American Tower Corp 214.27 239.67 166.36 28.80% 4/11 Yes 6.48 3.02% 4.94% 2.44% 6.89% 17.88% 92.05% Options Chain 5.40 5.50 0.03 12 64 None
66 GIS General Mills Inc 59.66 74.50 55.15 8.18% 4/10 No 2.39 4.01% 0.84% 0.42% 4.15% 7.59% 52.53% Options Chain 1.50 1.50 0.03 14 60 None
67 AVB Avalonbay Communities Inc 213.14 237.44 173.26 23.02% 3/31 Yes 6.80 3.19% 2.94% 1.46% 2.43% 5.23% 89.83% Options Chain 3.43 5.35 0.03 10 63 None
68 RY Royal Bank Of Canada 112.14 126.95 92.70 20.97% 4/24 No 5.70 5.08% 5.71% 2.82% 8.20% 8.38% 67.30% Options Chain 2.05 2.65 0.02 13 77 None
69 PG Procter & Gamble Company 168.03 179.99 150.79 11.43% 1/24 Yes 4.03 2.40% 1.66% 0.83% 4.31% 8.68% 63.30% Options Chain 3.88 3.65 0.02 13 70 None
70 O Realty Income Corp 56.61 63.37 48.12 17.64% 4/01 Yes 3.15 5.57% 5.33% 2.63% 3.56% 3.03% 315.20% Options Chain 1.10 1.03 0.02 8 61 None
71 WPC W. P. Carey Inc 62.70 66.10 50.70 23.67% 3/31 Yes 3.49 5.57% 2.01% 1.00% -4.08% 2.92% 166.99% Options Chain 0.90 1.20 0.02 7 60 None
72 KIM Kimco Realty Corporation 20.93 25.28 16.81 24.51% 3/07 No 0.98 4.68% 3.09% 1.53% 10.12% 3.55% 178.18% Options Chain 0.20 0.38 0.02 13 58 None
73 MPLX MPLX LP 54.04 54.87 36.51 48.01% 2/03 Yes 3.61 6.69% 9.11% 4.46% 8.43% 11.76% 85.82% Options Chain 0.88 0.40 0.02 9 73 None
74 CM Canadian Imperial Bank Of Commerce 57.29 65.94 44.36 29.15% 3/28 No 3.74 6.53% 5.72% 2.82% 6.69% 5.18% 69.26% Options Chain 0.43 0.53 0.01 16 82 None
75 RCI Rogers Communications Inc - Class B 27.28 41.04 26.57 2.67% 3/10 No 2.00 7.33% 0.00% 0.00% 0.00% 29.97% 89.69% Options Chain 15 62 None