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.
| 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 | STX | Seagate Technology Holdings Plc | 71.53 | 113.54 | 79.95 | 10.53% | 3/19 | Yes | 2.84 | 3.34% | 2.13% | 1.06% | 1.53% | 17.57% | 51.64% | Options Chain | 5.65 | 7.50 | 0.10 | 14 | 60 | None | |
| 2 | TGT | Target Corp | 94.28 | 167.87 | 100.50 | 6.19% | 5/14 | Yes | 4.46 | 4.27% | 0.90% | 0.45% | 9.12% | 11.54% | 50.17% | Options Chain | 6.80 | 8.48 | 0.09 | 13 | 64 | None | |
| 3 | NKE | Nike Inc - Class B | 55.58 | 96.61 | 62.65 | 11.28% | 3/03 | No | 1.54 | 2.43% | 5.96% | 2.94% | 9.08% | 15.51% | 51.16% | Options Chain | 3.05 | 4.78 | 0.09 | 15 | 57 | None | |
| 4 | QCOM | Qualcomm Inc | 139.42 | 227.03 | 147.88 | 5.72% | 3/06 | Yes | 3.40 | 2.21% | 1.49% | 0.74% | 6.03% | 17.18% | 36.68% | Options Chain | 9.20 | 11.75 | 0.08 | 16 | 67 | None | |
| 5 | VLO | Valero Energy Corp | 114.29 | 179.47 | 115.89 | 1.38% | 1/30 | Yes | 4.34 | 3.29% | 5.61% | 2.77% | 3.62% | 16.54% | 51.06% | Options Chain | 7.00 | 9.50 | 0.08 | 12 | 72 | None | |
| 6 | HPE | Hewlett Packard Enterprise Company | 13.68 | 24.46 | 14.52 | 5.79% | 3/21 | No | 0.52 | 3.30% | 0.00% | 0.00% | 2.02% | 10.73% | 25.00% | Options Chain | 0.78 | 1.05 | 0.08 | 18 | 60 | None | |
| 7 | HAL | Halliburton Company | 22.39 | 40.61 | 23.42 | 4.40% | 3/05 | Yes | 0.68 | 2.71% | 0.00% | 0.00% | 39.41% | 2.18% | 24.03% | Options Chain | 1.41 | 1.67 | 0.07 | 13 | 65 | None | |
| 8 | OVV | Ovintiv Inc | 39.05 | 54.34 | 36.34 | 7.46% | 3/14 | Yes | 1.20 | 2.80% | 0.00% | 0.00% | 26.58% | 3.06% | 28.50% | Options Chain | 2.35 | 2.88 | 0.07 | 12 | 79 | None | |
| 9 | CVS | CVS Health Corp | 67.51 | 71.99 | 43.01 | 56.96% | 4/22 | Yes | 2.66 | 3.96% | 0.00% | 0.00% | 7.39% | 7.12% | 72.68% | Options Chain | 3.55 | 4.88 | 0.07 | 12 | 65 | None | |
| 10 | DLR | Digital Realty Trust Inc | 141.09 | 195.06 | 131.44 | 7.34% | 3/14 | Yes | 4.88 | 3.43% | 0.00% | 0.00% | 1.27% | 8.72% | 303.11% | Options Chain | 8.55 | 9.60 | 0.07 | 7 | 61 | None | |
| 11 | USB | U.S. Bancorp. | 38.79 | 52.79 | 36.12 | 7.39% | 3/31 | Yes | 1.99 | 4.71% | 1.01% | 0.50% | 3.25% | 8.90% | 53.21% | Options Chain | 1.95 | 2.55 | 0.07 | 17 | 70 | None | |
| 12 | HPQ | HP Inc | 23.78 | 39.07 | 26.50 | 10.26% | 3/12 | No | 1.13 | 4.05% | 3.71% | 1.84% | 8.63% | 10.23% | 40.65% | Options Chain | 1.44 | 1.52 | 0.06 | 12 | 51 | None | |
| 13 | SPG | Simon Property Group Inc | 153.18 | 187.80 | 132.53 | 15.58% | 3/10 | Yes | 8.25 | 4.97% | 3.70% | 1.84% | 9.47% | 5.13% | 115.38% | Options Chain | 7.40 | 9.55 | 0.06 | 10 | 75 | None | |
| 14 | EQNR | Equinor ASA | 25.49 | 27.48 | 21.29 | 19.73% | 2/14 | Yes | 1.40 | 5.38% | 3.70% | 1.84% | 25.74% | 4.58% | 45.02% | Options Chain | 0.98 | 1.58 | 0.06 | 12 | 67 | None | |
| 15 | WLK | Westlake Corporation | 94.24 | 160.13 | 97.37 | 3.21% | 3/04 | Yes | 2.08 | 2.07% | 2.44% | 1.21% | 16.63% | 21.74% | 44.15% | Options Chain | 5.50 | 5.80 | 0.06 | 12 | 58 | None | |
| 16 | RF | Regions Financial Corp | 19.61 | 27.41 | 17.18 | 14.14% | 3/03 | Yes | 0.99 | 4.56% | 2.04% | 1.02% | 11.37% | -1.71% | 52.11% | Options Chain | 0.93 | 1.20 | 0.06 | 14 | 68 | None | |
| 17 | HSY | Hershey Company | 166.83 | 206.26 | 138.94 | 20.07% | 2/14 | Yes | 5.48 | 3.24% | 0.00% | 0.00% | 12.59% | 10.34% | 50.18% | Options Chain | 6.65 | 10.10 | 0.06 | 13 | 64 | None | |
| 18 | COP | Conoco Phillips | 95.25 | 131.83 | 86.81 | 9.72% | 2/14 | Yes | 3.12 | 3.05% | 0.00% | 0.00% | 12.47% | 5.93% | 39.95% | Options Chain | 5.05 | 5.73 | 0.06 | 9 | 76 | None | |
| 19 | SLB | SLB | 39.21 | 54.21 | 36.27 | 8.11% | 2/05 | Yes | 1.11 | 2.66% | 3.64% | 1.80% | 22.88% | 3.48% | 35.69% | Options Chain | 2.07 | 2.32 | 0.06 | 14 | 69 | None | |
| 20 | FDX | Fedex Corp | 215.86 | 309.09 | 217.22 | 0.63% | 3/10 | No | 5.52 | 2.28% | 2.22% | 1.11% | 17.46% | 16.72% | 34.76% | Options Chain | 12.75 | 12.05 | 0.06 | 14 | 64 | None | |
| 21 | BAC | Bank Of America Corp | 40.37 | 47.68 | 33.33 | 21.12% | 3/07 | Yes | 1.02 | 2.44% | 4.00% | 1.98% | 7.46% | 4.40% | 31.78% | Options Chain | 1.76 | 2.36 | 0.06 | 15 | 64 | None | |
| 22 | PCAR | Paccar Inc | 92.36 | 118.37 | 86.75 | 6.47% | 2/12 | Yes | 3.93 | 4.04% | 12.82% | 6.22% | 10.25% | 9.67% | 50.38% | Options Chain | 5.35 | 4.75 | 0.06 | 12 | 72 | None | |
| 23 | MRK | Merck & Co Inc | 86.39 | 131.54 | 80.35 | 7.52% | 3/17 | Yes | 3.16 | 3.52% | 3.85% | 1.90% | 5.25% | 9.17% | 46.88% | Options Chain | 4.28 | 4.95 | 0.06 | 14 | 73 | None | |
| 24 | FITB | Fifth Third Bancorp | 35.47 | 48.18 | 32.60 | 8.80% | 3/31 | Yes | 1.46 | 3.76% | 2.78% | 1.38% | 6.74% | 8.29% | 46.50% | Options Chain | 1.68 | 2.03 | 0.06 | 12 | 65 | None | |
| 25 | GOLD | Barrick Gold Corp | 19.38 | 21.11 | 15.03 | 28.94% | 2/28 | Yes | 0.40 | 2.09% | 0.00% | 0.00% | 2.67% | -2.00% | 32.79% | Options Chain | 1.10 | 0.88 | 0.06 | 17 | 66 | None | |
| 26 | BG | Bunge Global SA | 77.35 | 112.16 | 66.75 | 15.88% | 2/18 | Yes | 2.72 | 3.56% | 0.65% | 0.32% | 7.33% | 9.26% | 34.04% | Options Chain | 3.13 | 4.35 | 0.06 | 17 | 61 | None | |
| 27 | DG | Dollar General Corp | 94.41 | 160.38 | 66.43 | 42.12% | 4/08 | No | 2.36 | 2.74% | 0.00% | 0.00% | 13.95% | 15.13% | 46.18% | Options Chain | 4.43 | 5.18 | 0.05 | 12 | 63 | None | |
| 28 | BBY | Best Buy Co. Inc | 70.10 | 101.10 | 66.37 | 5.62% | 3/25 | No | 3.77 | 5.12% | 1.06% | 0.53% | 7.93% | 14.79% | 88.08% | Options Chain | 3.40 | 3.83 | 0.05 | 13 | 62 | None | |
| 29 | MET | Metlife Inc | 75.91 | 88.48 | 65.86 | 15.26% | 2/04 | Yes | 2.18 | 2.75% | 1.16% | 0.58% | 3.50% | 7.13% | 36.70% | Options Chain | 4.10 | 3.30 | 0.05 | 18 | 72 | None | |
| 30 | WY | Weyerhaeuser Company | 27.43 | 34.16 | 26.21 | 4.65% | 3/07 | Yes | 0.81 | 2.77% | 5.00% | 2.47% | -8.15% | 2.22% | 150.00% | Options Chain | 1.05 | 1.45 | 0.05 | 10 | 52 | None | |
| 31 | ADM | Archer Daniels Midland Company | 47.74 | 64.19 | 44.42 | 7.47% | 2/18 | Yes | 2.01 | 4.19% | 2.00% | 1.00% | 8.35% | 14.99% | 55.07% | Options Chain | 2.33 | 2.48 | 0.05 | 12 | 55 | None | |
| 32 | GPC | Genuine Parts Company | 118.68 | 159.51 | 110.92 | 7.00% | 3/07 | Yes | 4.03 | 3.40% | 3.00% | 1.49% | 6.03% | 5.93% | 62.29% | Options Chain | 5.45 | 6.05 | 0.05 | 12 | 59 | None | |
| 33 | PRU | Prudential Financial Inc | 104.79 | 128.97 | 100.99 | 3.76% | 2/18 | Yes | 5.25 | 4.70% | 3.85% | 1.90% | 4.09% | 10.52% | 70.66% | Options Chain | 5.15 | 4.00 | 0.05 | 16 | 68 | None | |
| 34 | VTR | Ventas Inc | 69.60 | 70.54 | 40.20 | 73.13% | 3/31 | Yes | 1.83 | 2.66% | 6.67% | 3.28% | 1.63% | 2.96% | 963.16% | Options Chain | 3.25 | 2.43 | 0.05 | 7 | 63 | None | |
| 35 | EQR | Equity Residential Properties Trust | 68.55 | 76.83 | 57.28 | 19.68% | 3/31 | Yes | 2.72 | 3.81% | 4.53% | 2.24% | 3.54% | 3.41% | 99.91% | Options Chain | 2.10 | 3.20 | 0.05 | 10 | 63 | None | |
| 36 | KIM | Kimco Realty Corporation | 20.07 | 25.28 | 16.81 | 19.39% | 3/07 | No | 0.98 | 4.68% | 3.09% | 1.53% | 10.12% | 3.55% | 178.18% | Options Chain | 0.93 | 0.75 | 0.05 | 13 | 58 | None | |
| 37 | CMCSA | Comcast Corp - Class A | 35.72 | 44.53 | 32.21 | 10.90% | 4/02 | Yes | 1.24 | 3.39% | 8.20% | 4.02% | 7.73% | 29.38% | 29.95% | Options Chain | 1.65 | 1.53 | 0.05 | 13 | 63 | None | |
| 38 | MFC | Manulife Financial Corp | 30.63 | 32.62 | 21.68 | 41.28% | 3/05 | Yes | 1.64 | 5.33% | 10.00% | 4.88% | 10.75% | 10.90% | 82.41% | Options Chain | 1.18 | 1.38 | 0.05 | 15 | 76 | None | |
| 39 | CVX | Chevron Corp | 156.12 | 168.96 | 132.53 | 17.80% | 2/14 | Yes | 6.60 | 3.97% | 4.91% | 2.42% | 6.53% | 6.15% | 67.90% | Options Chain | 7.00 | 5.98 | 0.04 | 13 | 75 | None | |
| 40 | TROW | T. Rowe Price Group Inc | 86.22 | 122.80 | 89.70 | 3.88% | 3/14 | Yes | 4.99 | 5.43% | 2.42% | 1.20% | 4.13% | 17.19% | 54.36% | Options Chain | 3.05 | 3.85 | 0.04 | 20 | 65 |
Dividend Stock List |
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| 41 | XOM | Exxon Mobil Corp | 112.43 | 124.20 | 103.67 | 8.45% | 2/12 | No | 3.88 | 3.26% | 3.13% | 1.55% | 3.21% | 5.80% | 49.49% | Options Chain | 4.55 | 4.98 | 0.04 | 13 | 75 | None | |
| 42 | OKE | Oneok Inc | 92.70 | 116.82 | 72.92 | 27.13% | 2/03 | No | 4.00 | 4.03% | 4.04% | 2.00% | 2.45% | 7.04% | 78.28% | Options Chain | 3.85 | 4.10 | 0.04 | 11 | 71 | None | |
| 43 | AMT | American Tower Corp | 216.38 | 239.67 | 166.36 | 30.07% | 4/11 | Yes | 6.48 | 2.98% | 4.94% | 2.44% | 6.89% | 17.88% | 93.64% | Options Chain | 7.45 | 9.50 | 0.04 | 12 | 63 | None | |
| 44 | CFG | Citizens Financial Group Inc | 36.22 | 48.82 | 30.79 | 17.64% | 1/31 | Yes | 1.68 | 4.10% | 0.00% | 0.00% | 1.87% | 17.29% | 55.45% | Options Chain | 1.38 | 1.58 | 0.04 | 13 | 72 | None | |
| 45 | SU | Suncor Energy Inc | 36.78 | 40.86 | 33.79 | 8.85% | 3/04 | Yes | 2.23 | 5.76% | 3.40% | 1.69% | 21.39% | 13.58% | 68.20% | Options Chain | 1.60 | 1.60 | 0.04 | 13 | 75 | None | |
| 46 | LHX | L3Harris Technologies Inc | 209.94 | 263.05 | 192.04 | 9.32% | 3/10 | Yes | 4.68 | 2.25% | 3.45% | 1.71% | 4.15% | 7.92% | 59.47% | Options Chain | 9.10 | 7.75 | 0.04 | 13 | 70 | None | |
| 47 | VZ | Verizon Communications Inc | 45.62 | 47.36 | 36.69 | 24.34% | 4/10 | Yes | 2.69 | 5.92% | 1.40% | 0.70% | 1.81% | 2.99% | 64.86% | Options Chain | 1.63 | 1.97 | 0.04 | 12 | 72 | None | |
| 48 | OMC | Omnicom Group Inc | 75.38 | 105.28 | 78.69 | 4.21% | 3/11 | Yes | 2.80 | 3.38% | 0.00% | 0.00% | 0.00% | 10.60% | 37.18% | Options Chain | 2.60 | 3.23 | 0.04 | 14 | 71 | None | |
| 49 | NLY | Annaly Capital Management Inc | 19.63 | 21.36 | 15.43 | 27.22% | 3/31 | Yes | 2.65 | 13.05% | 7.69% | 3.77% | -5.56% | -0.43% | 163.58% | Options Chain | 0.62 | 0.84 | 0.04 | 11 | 60 | None | |
| 50 | PLD | Prologis Inc | 101.59 | 129.30 | 97.78 | 3.90% | 3/18 | Yes | 3.89 | 3.48% | 5.21% | 2.57% | 12.52% | 4.21% | 95.34% | Options Chain | 3.60 | 4.15 | 0.04 | 10 | 69 | None | |
| 51 | CL | Colgate-Palmolive Company | 96.00 | 108.14 | 83.86 | 14.48% | 4/17 | Yes | 2.00 | 2.15% | 5.05% | 2.49% | 3.83% | 8.64% | 56.98% | Options Chain | 2.95 | 3.90 | 0.04 | 12 | 63 | None | |
| 52 | RCI | Rogers Communications Inc - Class B | 26.07 | 41.04 | 24.76 | 5.29% | 3/10 | Yes | 2.00 | 7.48% | 0.00% | 0.00% | 0.00% | 29.97% | 89.69% | Options Chain | 0.10 | 1.05 | 0.04 | 15 | 65 | None | |
| 53 | ARE | Alexandria Real Estate Equities Inc | 89.34 | 125.25 | 90.07 | 0.81% | 3/31 | Yes | 5.24 | 5.66% | 1.73% | 0.86% | 4.19% | 3.89% | 291.11% | Options Chain | 3.45 | 3.48 | 0.04 | 16 | 68 | None | |
| 54 | CM | Canadian Imperial Bank Of Commerce | 58.94 | 65.94 | 44.36 | 32.87% | 3/28 | No | 3.74 | 6.66% | 5.72% | 2.82% | 6.69% | 5.18% | 69.39% | Options Chain | 1.50 | 2.25 | 0.04 | 16 | 82 | None | |
| 55 | KHC | Kraft Heinz Company | 30.81 | 37.12 | 26.90 | 14.54% | 3/07 | Yes | 1.60 | 5.29% | 0.00% | 0.00% | 0.00% | -4.69% | 70.80% | Options Chain | 1.04 | 1.16 | 0.04 | 11 | 70 | None | |
| 56 | HBAN | Huntington Bancshares Inc | 13.46 | 18.09 | 11.54 | 16.64% | 3/18 | Yes | 0.62 | 4.17% | 0.00% | 0.00% | 0.61% | 3.90% | 50.82% | Options Chain | 0.50 | 0.50 | 0.04 | 12 | 63 | None | |
| 57 | PAYX | Paychex Inc | 153.53 | 158.37 | 112.98 | 35.89% | 2/07 | No | 3.92 | 2.54% | 2.35% | 1.17% | 10.81% | 24.65% | 79.03% | Options Chain | 3.68 | 5.70 | 0.04 | 15 | 63 | None | |
| 58 | SYY | Sysco Corp | 75.41 | 81.68 | 68.04 | 10.83% | 4/04 | Yes | 2.03 | 2.71% | 0.99% | 0.49% | 2.61% | 15.53% | 51.13% | Options Chain | 2.65 | 2.70 | 0.04 | 14 | 62 | None | |
| 59 | O | Realty Income Corp | 56.70 | 63.08 | 47.90 | 18.37% | 4/01 | Yes | 3.16 | 5.45% | 5.33% | 2.63% | 3.56% | 3.03% | 316.35% | Options Chain | 1.58 | 2.03 | 0.04 | 8 | 61 | None | |
| 60 | MO | Altria Group Inc | 57.89 | 60.18 | 37.59 | 54.00% | 3/25 | Yes | 4.04 | 6.73% | 2.00% | 1.00% | 3.76% | 8.12% | 61.77% | Options Chain | 2.03 | 1.89 | 0.04 | 13 | 69 | None | |
| 61 | OHI | Omega Healthcare Investors Inc | 38.65 | 42.92 | 27.55 | 40.29% | 2/10 | Yes | 2.68 | 7.04% | 0.00% | 0.00% | 0.00% | 1.02% | 171.79% | Options Chain | 1.08 | 1.35 | 0.03 | 12 | 71 | None | |
| 62 | TTE | TotalEnergies SE | 62.09 | 71.00 | 51.78 | 19.91% | 6/18 | Yes | 3.37 | 5.20% | 2.08% | 1.03% | 2.58% | 1.07% | 50.08% | Options Chain | 2.13 | 1.75 | 0.03 | 12 | 63 | None | |
| 63 | TSN | Tyson Foods Inc - Class A | 63.56 | 65.82 | 52.36 | 21.39% | 5/30 | Yes | 1.98 | 3.10% | 1.52% | 0.76% | 2.74% | 17.72% | 66.00% | Options Chain | 1.98 | 2.15 | 0.03 | 20 | 62 | None | |
| 64 | RY | Royal Bank Of Canada | 115.11 | 126.95 | 92.70 | 24.17% | 4/24 | No | 5.70 | 5.06% | 5.71% | 2.82% | 8.20% | 8.38% | 67.30% | Options Chain | 3.65 | 3.75 | 0.03 | 13 | 80 | None | |
| 65 | GIS | General Mills Inc | 60.97 | 74.50 | 55.15 | 10.55% | 4/10 | No | 2.39 | 4.06% | 0.84% | 0.42% | 4.15% | 7.59% | 52.53% | Options Chain | 1.43 | 1.88 | 0.03 | 14 | 60 | None | |
| 66 | PG | Procter & Gamble Company | 172.39 | 179.99 | 150.79 | 14.32% | 1/24 | Yes | 4.03 | 2.36% | 1.66% | 0.83% | 4.31% | 8.68% | 63.30% | Options Chain | 3.85 | 4.50 | 0.03 | 13 | 70 | None | |
| 67 | BMO | Bank of Montreal | 97.54 | 106.00 | 75.21 | 29.69% | 4/29 | No | 6.20 | 6.49% | 3.92% | 1.94% | 10.67% | 5.29% | 83.45% | Options Chain | 1.13 | 2.38 | 0.02 | 15 | 80 | None | |
| 68 | WPC | W. P. Carey Inc | 61.38 | 65.16 | 49.98 | 22.81% | 3/31 | Yes | 3.52 | 5.57% | 2.01% | 1.00% | -4.08% | 2.92% | 168.18% | Options Chain | 0.83 | 1.45 | 0.02 | 7 | 61 | None | |
| 69 | MPLX | MPLX LP | 52.17 | 54.87 | 36.51 | 42.89% | 2/03 | Yes | 3.61 | 6.75% | 9.11% | 4.46% | 8.43% | 11.76% | 85.82% | Options Chain | 0.50 | 1.10 | 0.02 | 9 | 74 | None | |
| 70 | CCI | Crown Castle Inc | 107.06 | 117.05 | 82.81 | 29.28% | 3/14 | Yes | 6.26 | 6.01% | 0.00% | 0.00% | 3.48% | 12.84% | -69.71% | Options Chain | 1.08 | 2.18 | 0.02 | 6 | 54 | None | |
| 71 | VICI | VICI Properties Inc | 31.66 | 33.57 | 25.62 | 23.58% | 3/20 | Yes | 1.71 | 5.25% | 2.06% | 1.03% | 5.81% | 9.24% | 66.89% | Options Chain | 0.63 | 0.33 | 0.02 | 10 | 79 | None | |
| 72 | DOC | Healthpeak OP LLC | 19.46 | 22.70 | 16.78 | 15.97% | 2/14 | Yes | 1.21 | 5.97% | 1.67% | 0.83% | 0.41% | 1.95% | 334.72% | Options Chain | 0.35 | 0.13 | 0.02 | 7 | 55 | None |