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 between 2% and 10%, a dividend payout ratio percentage of 90% or less, a liquidity rating of 2 stars or greater, an Algorithm score of 12 or higher, have made at least 10 dividend payments over the last 5 years, and finally, the stock's current price must be within 30% or lower of its 52-week low. This report is sorted by 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 | Ex-Dividend Date | Trailing Annual Dividend Rate | Trailing Annual Dividend Yield Percentage | Dividend Payout Ratio Percentage | Has Options? | ATM Call Premium | ATM Put Premium | Liquidity Rating | Algorithm Score | Lists |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | MO | Altria Group Inc | 44.29 | 45.00 | 37.33 | 3/22 | 3.88 | 8.76% | 81.17% | Options Chain | 0.76 | 1.02 | 13 | None | |
2 | EPD | Enterprise Products Partners L P | 28.35 | 29.46 | 23.39 | 4/29 | 2.03 | 7.16% | 79.61% | Options Chain | 0.32 | 0.26 | 13 | None | |
3 | TD | Toronto Dominion Bank | 56.01 | 63.77 | 53.37 | 4/08 | 3.96 | 7.07% | 85.53% | Options Chain | 1.00 | 0.98 | 12 | None | |
4 | RIO | Rio Tinto plc | 69.02 | 72.10 | 54.85 | 3/07 | 4.35 | 6.30% | 70.50% | Options Chain | 1.85 | 2.43 | 14 | None | |
5 | SLF | Sun Life Financial Inc | 53.02 | 55.46 | 44.07 | 2/27 | 3.06 | 5.77% | 79.48% | Options Chain | 0.33 | 15 | None | ||
6 | VIV | Telefonica Brasil S.A. | 9.27 | 11.13 | 7.46 | 9/25 | 0.52 | 5.63% | 87.04% | Options Chain | 16 | None | |||
7 | KHC | Kraft Heinz Company | 35.89 | 39.27 | 29.99 | 6/06 | 2.00 | 5.57% | 87.34% | Options Chain | 0.62 | 0.84 | 12 | None | |
8 | BMY | Bristol-Myers Squibb Company | 43.67 | 68.94 | 47.58 | 4/04 | 2.34 | 5.36% | 60.62% | Options Chain | 1.28 | 1.33 | 12 | None | |
9 | BEN | Franklin Resources Inc | 23.49 | 29.66 | 21.40 | 3/27 | 1.22 | 5.19% | 70.52% | Options Chain | 0.20 | 0.30 | 12 | None | |
10 | MGA | Magna International Inc | 47.08 | 63.64 | 45.92 | 5/16 | 2.33 | 4.95% | 66.01% | Options Chain | 1.43 | 1.98 | 15 | None | |
11 | LYB | LyondellBasell Industries NV - Class A | 102.18 | 106.69 | 81.58 | 3/01 | 5.00 | 4.89% | 77.16% | Options Chain | 1.08 | 1.75 | 13 | None | |
12 | EXC | Exelon Corp | 37.91 | 41.90 | 32.99 | 5/10 | 1.84 | 4.85% | 78.97% | Options Chain | 0.73 | 1.50 | 13 | None | |
13 | CVS | CVS Health Corp | 55.74 | 81.71 | 53.70 | 4/19 | 2.54 | 4.56% | 44.56% | Options Chain | 1.77 | 1.49 | 14 | None | |
14 | BP | BP plc | 37.57 | 40.40 | 32.41 | 2/15 | 1.71 | 4.54% | 33.11% | Options Chain | 0.73 | 0.80 | 14 | None | |
15 | EOG | EOG Resources Inc | 130.26 | 138.73 | 102.12 | 7/17 | 5.88 | 4.51% | 46.52% | Options Chain | 4.20 | 5.00 | 15 |
Dividend Stock List |
|
16 | ED | Consolidated Edison Inc | 97.50 | 98.12 | 78.98 | 5/14 | 4.09 | 4.19% | 78.05% | Options Chain | 1.83 | 1.98 | 12 | None | |
17 | JNJ | Johnson & Johnson | 148.95 | 172.01 | 142.71 | 5/20 | 6.00 | 4.03% | 89.15% | Options Chain | 2.24 | 1.40 | 16 | None | |
18 | XOM | Exxon Mobil Corp | 116.15 | 123.75 | 94.89 | 5/14 | 4.67 | 4.02% | 57.23% | Options Chain | 2.60 | 2.77 | 12 | None | |
19 | CHK | Chesapeake Energy Corp - New | 88.62 | 93.58 | 72.33 | 5/15 | 3.48 | 3.93% | 46.40% | Options Chain | 1.65 | 2.15 | 15 | None | |
20 | WTRG | Essential Utilities Inc | 38.69 | 42.18 | 31.51 | 5/09 | 1.52 | 3.92% | 71.82% | Options Chain | 0.40 | 0.20 | 12 | None | |
21 | XEL | Xcel Energy Inc | 54.93 | 66.93 | 46.29 | 3/14 | 2.11 | 3.84% | 63.29% | Options Chain | 1.53 | 1.65 | 12 | None | |
22 | NOK | Nokia Corp | 3.73 | 4.19 | 2.88 | 4/22 | 0.14 | 3.79% | 88.28% | Options Chain | 0.07 | 0.08 | 18 | None | |
23 | HPQ | HP Inc | 29.44 | 33.00 | 24.77 | 3/12 | 1.08 | 3.66% | 31.56% | Options Chain | 1.02 | 1.50 | 14 | None | |
24 | RPRX | Royalty Pharma plc - Class A | 27.99 | 34.14 | 25.54 | 5/16 | 1.02 | 3.64% | 40.32% | Options Chain | 0.55 | 0.73 | 12 | None | |
25 | SWKS | Skyworks Solutions Inc | 93.24 | 114.38 | 83.90 | 5/20 | 3.34 | 3.58% | 62.90% | Options Chain | 3.60 | 3.50 | 12 | None | |
26 | STT | State Street Corp | 75.32 | 79.18 | 61.67 | 3/28 | 2.70 | 3.58% | 49.72% | Options Chain | 1.28 | 1.70 | 15 | None | |
27 | DRI | Darden Restaurants Inc | 147.03 | 175.37 | 131.20 | 4/09 | 5.24 | 3.56% | 61.50% | Options Chain | 4.10 | 5.05 | 13 | None | |
28 | TEL | TE Connectivity Ltd | 144.80 | 147.98 | 114.01 | 2/21 | 4.96 | 3.43% | 45.21% | Options Chain | 3.70 | 3.65 | 12 | None | |
29 | GIS | General Mills Inc | 69.53 | 87.77 | 59.28 | 4/09 | 2.36 | 3.39% | 54.76% | Options Chain | 1.60 | 1.60 | 13 | None | |
30 | SYY | Sysco Corp | 74.62 | 82.37 | 61.44 | 7/05 | 2.51 | 3.36% | 61.22% | Options Chain | 1.80 | 1.70 | 14 | None | |
31 | CSCO | Cisco Systems Inc | 47.28 | 56.86 | 44.32 | 4/03 | 1.57 | 3.32% | 47.72% | Options Chain | 1.70 | 1.47 | 16 | None | |
32 | CINF | Cincinnati Financial Corp | 117.20 | 124.35 | 92.80 | 6/18 | 3.87 | 3.30% | 25.77% | Options Chain | 1.80 | 1.80 | 17 | None | |
33 | CPB | Campbell Soup Company | 45.16 | 52.84 | 37.31 | 4/03 | 1.48 | 3.28% | 58.04% | Options Chain | 1.08 | 1.25 | 12 | None | |
34 | SRE | Sempra | 75.23 | 77.11 | 62.68 | 3/20 | 2.40 | 3.20% | 50.21% | Options Chain | 0.28 | 1.35 | 13 | None | |
35 | BKR | Baker Hughes Co - Class A | 31.78 | 37.10 | 26.39 | 5/03 | 1.01 | 3.18% | 56.42% | Options Chain | 1.05 | 0.98 | 14 | None | |
36 | GPC | Genuine Parts Company | 154.35 | 170.35 | 124.63 | 6/07 | 4.85 | 3.14% | 54.13% | Options Chain | 2.88 | 3.40 | 12 | None | |
37 | HSY | Hershey Company | 199.96 | 269.47 | 177.55 | 5/16 | 6.16 | 3.08% | 55.70% | Options Chain | 5.40 | 5.55 | 12 | None | |
38 | CMCSA | Comcast Corp - Class A | 38.49 | 46.76 | 36.43 | 4/02 | 1.18 | 3.07% | 31.30% | Options Chain | 0.83 | 0.78 | 13 | None | |
39 | GOLD | Barrick Gold Corp | 16.72 | 19.36 | 13.65 | 5/31 | 0.50 | 2.99% | 60.98% | Options Chain | 0.54 | 0.79 | 18 | None | |
40 | HPE | Hewlett Packard Enterprise Company | 17.18 | 19.92 | 13.30 | 3/14 | 0.50 | 2.91% | 34.48% | Options Chain | 0.95 | 1.03 | 14 | None | |
41 | TAP | Molson Coors Beverage Company - Class B | 58.21 | 69.47 | 54.90 | 2/29 | 1.67 | 2.87% | 33.33% | Options Chain | 0.70 | 1.18 | 14 | None | |
42 | APD | Air Products & Chemicals Inc | 248.00 | 301.67 | 210.69 | 3/28 | 7.02 | 2.83% | 63.41% | Options Chain | 5.60 | 7.70 | 12 | None | |
43 | SLB | SLB | 47.86 | 61.47 | 41.88 | 6/05 | 1.30 | 2.72% | 43.33% | Options Chain | 1.85 | 1.38 | 13 | None | |
44 | BG | Bunge Global SA | 105.36 | 114.32 | 85.46 | 2/15 | 2.61 | 2.48% | 21.07% | Options Chain | 3.25 | 2.85 | 15 | None | |
45 | ROK | Rockwell Automation Inc | 273.59 | 343.92 | 249.85 | 5/10 | 6.11 | 2.23% | 58.14% | Options Chain | 5.60 | 6.90 | 12 | None | |
46 | CTSH | Cognizant Technology Solutions Corp - Class A | 67.66 | 80.09 | 60.28 | 5/17 | 1.47 | 2.17% | 35.25% | Options Chain | 1.93 | 1.55 | 14 | None | |
47 | FMX | Fomento Economico Mexicano S.A.B. de C.V. | 119.92 | 142.11 | 93.77 | 4/16 | 2.59 | 2.16% | 54.74% | Options Chain | 3.45 | 3.20 | 17 | None |