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, 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 | KGC | Kinross Gold Corp | 21.60 | 38.96 | 19.70 | 9.64% | 11/19 | No | 0.15 | 0.75% | 28.00% | 15.47% | 7.46% | 5.92% | 5.74% | Options Chain | 1.29 | 2.89 | 0.13 | 20 | 50 | None | |
| 2 | NVT | nVent Electric plc | 114.99 | 184.09 | 92.63 | 24.14% | 10/23 | No | 0.84 | 0.67% | 5.00% | 5.13% | 4.66% | 2.64% | 23.27% | Options Chain | 7.50 | 12.90 | 0.11 | 15 | 25 | None | |
| 3 | AVGO | Broadcom Inc | 323.30 | 493.28 | 288.95 | 11.89% | 9/21 | Yes | 2.60 | 0.81% | 7.44% | 3.65% | 11.37% | 34.05% | 33.21% | Options Chain | 22.00 | 30.23 | 0.09 | 14 | 67 | None | |
| 4 | ETN | Eaton Corporation plc | 355.00 | 478.00 | 309.33 | 14.76% | 11/10 | Yes | 4.34 | 1.19% | 5.77% | 8.18% | 7.95% | 9.13% | 44.15% | Options Chain | 26.00 | 31.75 | 0.09 | 9 | 68 | None | |
| 5 | HWM | Howmet Aerospace Inc | 214.32 | 309.85 | 183.52 | 16.78% | 11/06 | No | 0.50 | 0.23% | 18.18% | 41.42% | 51.01% | 11.68% | 9.17% | Options Chain | 12.25 | 17.15 | 0.08 | 11 | 62 | None | |
| 6 | CAT | Caterpillar Inc | 592.99 | 1,068.93 | 532.55 | 11.35% | 10/26 | No | 6.28 | 1.02% | 7.53% | 7.64% | 7.98% | 12.53% | 24.65% | Options Chain | 37.00 | 47.10 | 0.08 | 8 | 63 | None | |
| 7 | AA | Alcoa Corp | 41.48 | 84.00 | 34.85 | 19.02% | 10/27 | No | 0.40 | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.96% | Options Chain | 1.89 | 3.25 | 0.08 | 17 | 48 | None | |
| 8 | AGI | Alamos Gold Inc - Class A | 30.13 | 55.24 | 26.92 | 11.92% | 9/10 | No | 0.14 | 0.52% | 60.00% | 26.49% | 12.47% | 16.50% | 5.75% | Options Chain | 2.05 | 2.33 | 0.08 | 15 | 62 | None | |
| 9 | NVDA | NVIDIA Corp | 199.80 | 243.37 | 163.90 | 21.90% | 9/10 | Yes | 0.52 | 0.26% | 2,400.00% | 400.00% | 181.17% | 14.66% | 6.57% | Options Chain | 12.38 | 14.73 | 0.07 | 17 | 64 | None | |
| 10 | APO | Apollo Global Management Inc | 122.94 | 151.39 | 98.73 | 24.52% | 11/18 | No | 2.15 | 1.78% | 10.29% | 9.96% | 8.26% | 15.85% | 76.88% | Options Chain | 6.95 | 8.80 | 0.07 | 13 | 66 | None | |
| 11 | CMI | Cummins Inc | 467.64 | 735.02 | 421.34 | 10.99% | 11/20 | Yes | 8.20 | 1.64% | 9.95% | 9.54% | 8.60% | 8.92% | 41.90% | Options Chain | 23.75 | 32.70 | 0.07 | 11 | 71 | None | |
| 12 | FIS | Fidelity National Information Services Inc | 29.80 | 66.25 | 32.10 | 7.17% | 12/14 | Yes | 1.72 | 4.28% | 10.00% | 10.55% | -1.64% | 10.39% | 26.42% | Options Chain | 2.08 | 1.75 | 0.07 | 13 | 70 | None | |
| 13 | GE | General Electric Company | 329.94 | 388.25 | 268.17 | 23.03% | 10/05 | No | 1.77 | 0.56% | 30.56% | 14.26% | 55.69% | 1.56% | 20.23% | Options Chain | 18.23 | 22.05 | 0.07 | 12 | 63 | None | |
| 14 | KKR | KKR & Co. Inc | 101.50 | 144.02 | 82.35 | 23.25% | 8/10 | Yes | 0.76 | 0.78% | 6.85% | 3.37% | 6.34% | 0.20% | 24.28% | Options Chain | 6.00 | 6.75 | 0.07 | 11 | 62 | None | |
| 15 | FNF | Fidelity National Financial Inc | 43.28 | 56.47 | 37.88 | 14.26% | 9/16 | Yes | 2.08 | 4.93% | 2.97% | 1.47% | 4.12% | 2.92% | 72.22% | Options Chain | 2.40 | 2.70 | 0.06 | 13 | 59 | None | |
| 16 | SF | Stifel Financial Corp | 72.94 | 88.61 | 65.40 | 11.53% | 9/01 | No | 1.33 | 1.91% | 10.87% | 10.19% | 14.19% | 37.11% | 22.99% | Options Chain | 4.40 | 2.45 | 0.06 | 15 | 60 | None | |
| 17 | CHRW | C.H. Robinson Worldwide Inc | 133.84 | 209.43 | 122.21 | 9.52% | 9/04 | No | 2.52 | 1.96% | 1.20% | 0.60% | 2.76% | 14.62% | 45.24% | Options Chain | 6.15 | 7.85 | 0.06 | 14 | 64 | None | |
| 18 | BCE | BCE Inc | 21.11 | 25.77 | 18.68 | 13.01% | 9/15 | Yes | 1.75 | 8.46% | -24.24% | -12.96% | -16.96% | 2.64% | 35.86% | Options Chain | 0.78 | 1.23 | 0.06 | 14 | 69 | None | |
| 19 | BKR | Baker Hughes Co - Class A | 49.94 | 69.92 | 43.79 | 14.04% | 11/10 | No | 0.92 | 1.73% | 0.00% | 4.65% | 5.95% | 3.11% | 32.86% | Options Chain | 2.10 | 2.85 | 0.06 | 12 | 66 | None | |
| 20 | TEL | TE Connectivity plc | 220.29 | 250.61 | 189.53 | 16.23% | 11/20 | No | 2.98 | 1.36% | 9.71% | 9.58% | 8.76% | 9.66% | 29.98% | Options Chain | 9.90 | 12.55 | 0.06 | 14 | 70 | None | |
| 21 | TT | Trane Technologies plc - Class A | 409.86 | 504.68 | 345.62 | 18.59% | 12/04 | No | 4.09 | 0.99% | 11.70% | 11.80% | 11.89% | 8.29% | 31.71% | Options Chain | 17.15 | 23.15 | 0.06 | 12 | 69 | None | |
| 22 | RBA | RB Global Inc | 95.09 | 118.51 | 78.05 | 21.83% | 8/25 | Yes | 1.26 | 1.35% | 10.00% | 4.88% | 6.14% | 11.44% | 54.31% | Options Chain | 4.95 | 5.30 | 0.06 | 10 | 63 | None | |
| 23 | ITUB | Itau Unibanco Holding S.A. | 7.31 | 10.20 | 6.57 | 11.26% | 12/02 | Yes | 0.17 | 2.39% | -95.32% | -78.36% | -30.51% | 2.34% | 21.94% | Options Chain | 0.38 | 0.05 | 16 | 47 | None | ||
| 24 | BBD | Banco Bradesco S.A. | 2.58 | 4.50 | 2.44 | 5.74% | 11/05 | No | 0.30 | 11.63% | 168.69% | 63.92% | 82.31% | 16.83% | 66.94% | Options Chain | 0.13 | 0.13 | 0.05 | 19 | 50 | None | |
| 25 | RTX | RTX Corp | 197.80 | 226.41 | 164.95 | 19.92% | 11/20 | No | 2.82 | 1.38% | 7.49% | 7.58% | 7.36% | 7.06% | 45.85% | Options Chain | 6.40 | 9.93 | 0.05 | 13 | 68 | None | |
| 26 | NTES | NetEase Inc | 121.23 | 146.18 | 105.01 | 15.45% | 9/03 | Yes | 2.93 | 2.54% | -36.74% | -20.47% | 5.98% | 17.99% | 40.69% | Options Chain | 4.85 | 6.05 | 0.05 | 19 | 30 |
Dividend Stock List |
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| 27 | DPZ | Dominos Pizza Inc | 340.56 | 434.73 | 280.27 | 21.51% | 12/15 | No | 7.71 | 2.39% | 14.37% | 14.80% | 15.98% | 22.06% | 42.48% | Options Chain | 16.95 | 15.35 | 0.05 | 12 | 62 | None | |
| 28 | NYT | New York Times Co. - Class A | 66.54 | 86.52 | 56.84 | 17.07% | 10/07 | Yes | 0.87 | 1.24% | 29.85% | 31.91% | 26.48% | 4.86% | 36.25% | Options Chain | 2.33 | 3.30 | 0.05 | 14 | 61 | None | |
| 29 | CMCSA | Comcast Corp - Class A | 24.90 | 31.56 | 20.48 | 21.58% | 1/06 | No | 1.32 | 5.51% | 1.54% | 0.77% | 5.64% | 27.14% | 41.77% | Options Chain | 1.23 | 1.21 | 0.05 | 16 | 68 | None | |
| 30 | COF | Capital One Financial Corp | 206.61 | 256.64 | 173.62 | 19.00% | 8/17 | No | 3.20 | 1.52% | 23.08% | 10.94% | 7.46% | 11.64% | 19.06% | Options Chain | 9.90 | 10.15 | 0.05 | 14 | 79 | None | |
| 31 | EQT | EQT Corp | 52.82 | 67.84 | 47.79 | 10.53% | 11/04 | No | 0.67 | 1.21% | 4.31% | 2.74% | 4.86% | 3.24% | 15.76% | Options Chain | 2.24 | 2.59 | 0.05 | 11 | 60 | None | |
| 32 | SYY | Sysco Corp | 78.03 | 89.92 | 66.76 | 16.88% | 10/02 | Yes | 2.18 | 2.94% | 3.81% | 3.88% | 3.23% | 14.85% | 58.92% | Options Chain | 1.63 | 3.70 | 0.05 | 12 | 65 | None | |
| 33 | UNM | Unum Group | 75.00 | 96.24 | 67.83 | 10.57% | 10/30 | Yes | 1.93 | 2.12% | 9.66% | 10.87% | 11.25% | 5.98% | 45.09% | Options Chain | 2.63 | 3.55 | 0.05 | 10 | 70 | None | |
| 34 | SYF | Synchrony Financial | 75.21 | 87.67 | 62.55 | 20.24% | 11/05 | No | 1.24 | 1.61% | 11.30% | 13.14% | 9.20% | 9.62% | 12.94% | Options Chain | 3.28 | 3.55 | 0.05 | 12 | 75 | None | |
| 35 | TJX | TJX Companies Inc | 144.63 | 169.47 | 122.78 | 17.80% | 11/12 | Yes | 1.81 | 1.32% | 13.03% | 13.12% | 12.97% | 14.54% | 33.96% | Options Chain | 6.20 | 6.80 | 0.05 | 14 | 62 | None | |
| 36 | TXT | Textron Inc | 86.65 | 101.50 | 71.87 | 20.56% | 12/11 | No | 0.08 | 0.09% | 0.00% | 0.00% | 0.00% | -2.55% | 1.51% | Options Chain | 2.50 | 3.93 | 0.05 | 13 | 56 | None | |
| 37 | SCHW | Charles Schwab Corp | 93.35 | 114.53 | 83.72 | 11.50% | 11/13 | No | 1.23 | 1.38% | 18.52% | 13.14% | 11.10% | 18.32% | 21.03% | Options Chain | 3.88 | 4.23 | 0.05 | 12 | 63 | None | |
| 38 | GGG | Graco Inc | 70.48 | 94.65 | 65.96 | 6.85% | 10/19 | No | 1.18 | 1.71% | 7.27% | 7.56% | 8.87% | 13.43% | 38.06% | Options Chain | 1.58 | 3.15 | 0.04 | 12 | 55 | None | |
| 39 | XYL | Xylem Inc | 100.94 | 150.33 | 87.40 | 15.49% | 8/27 | No | 1.69 | 1.75% | 7.50% | 3.68% | 9.42% | 11.15% | 37.47% | Options Chain | 4.50 | 4.30 | 0.04 | 13 | 55 | None | |
| 40 | WFC | Wells Fargo & Company | 87.57 | 96.18 | 72.36 | 21.02% | 11/06 | No | 1.85 | 2.16% | 11.76% | 12.55% | 14.64% | 8.41% | 26.09% | Options Chain | 3.33 | 3.83 | 0.04 | 13 | 75 | None | |
| 41 | AXP | American Express Company | 332.60 | 383.18 | 288.37 | 15.34% | 10/09 | No | 3.67 | 1.12% | 16.14% | 16.59% | 16.53% | 8.24% | 20.68% | Options Chain | 14.10 | 14.28 | 0.04 | 14 | 72 | None | |
| 42 | GSK | GSK Plc | 50.96 | 60.11 | 44.63 | 14.18% | 11/13 | No | 1.82 | 3.70% | 7.57% | 8.48% | -0.82% | 0.99% | 63.27% | Options Chain | 1.95 | 2.18 | 0.04 | 12 | 67 | None | |
| 43 | T | AT&T Inc | 21.89 | 28.43 | 19.41 | 12.78% | 10/09 | No | 1.11 | 5.19% | 0.00% | 0.00% | -4.82% | 1.89% | 36.04% | Options Chain | 0.85 | 0.91 | 0.04 | 9 | 60 | None | |
| 44 | RJF | Raymond James Financial Inc | 168.69 | 182.11 | 137.85 | 22.37% | 10/01 | No | 2.16 | 1.33% | 8.00% | 12.39% | 20.05% | 23.70% | 18.91% | Options Chain | 6.85 | 6.05 | 0.04 | 15 | 59 | None | |
| 45 | PCAR | Paccar Inc | 106.30 | 138.87 | 91.91 | 15.66% | 11/10 | No | 2.43 | 2.35% | 4.55% | 8.60% | 10.47% | 9.62% | 46.46% | Options Chain | 3.95 | 4.30 | 0.04 | 15 | 70 | None | |
| 46 | FHN | First Horizon Corporation | 24.25 | 26.25 | 19.84 | 22.23% | 12/11 | No | 0.66 | 2.77% | 13.33% | 6.46% | 3.18% | 4.19% | 47.83% | Options Chain | 0.98 | 0.80 | 0.04 | 12 | 63 | None | |
| 47 | PEP | PepsiCo Inc | 142.94 | 166.41 | 123.47 | 15.77% | 9/04 | No | 5.80 | 4.13% | 5.29% | 2.61% | 6.95% | 10.75% | 73.02% | Options Chain | 5.75 | 5.23 | 0.04 | 12 | 62 | None | |
| 48 | SCI | Service Corp International | 75.70 | 90.59 | 67.79 | 11.67% | 9/15 | No | 1.40 | 1.86% | 10.77% | 5.25% | 9.00% | 8.81% | 36.65% | Options Chain | 3.00 | 2.78 | 0.04 | 12 | 66 | None | |
| 49 | AIG | American International Group Inc | 81.71 | 85.64 | 69.90 | 16.90% | 9/16 | No | 1.90 | 2.31% | 14.29% | 6.90% | 11.80% | 4.67% | 34.80% | Options Chain | 2.45 | 3.20 | 0.04 | 12 | 73 | None | |
| 50 | BAC | Bank Of America Corp | 51.64 | 64.90 | 45.65 | 13.12% | 12/04 | No | 1.16 | 2.34% | 11.11% | 9.54% | 8.69% | 4.65% | 27.68% | Options Chain | 1.86 | 2.01 | 0.04 | 11 | 74 | None | |
| 51 | TFC | Truist Financial Corporation | 50.87 | 54.52 | 41.84 | 21.58% | 11/13 | No | 2.08 | 4.15% | 0.00% | 0.00% | 0.99% | 6.91% | 53.06% | Options Chain | 0.70 | 1.98 | 0.04 | 12 | 75 | None | |
| 52 | YUM | Yum Brands Inc | 166.31 | 169.29 | 134.26 | 23.87% | 9/09 | Yes | 2.96 | 1.89% | 5.63% | 2.78% | 7.10% | 13.77% | 37.28% | Options Chain | 6.30 | 5.45 | 0.04 | 13 | 68 | None | |
| 53 | MCD | McDonald`s Corp | 278.84 | 335.18 | 229.20 | 21.66% | 12/01 | Yes | 7.44 | 2.80% | 4.74% | 5.25% | 7.33% | 17.16% | 60.19% | Options Chain | 7.58 | 10.25 | 0.04 | 9 | 61 | None | |
| 54 | PG | Procter & Gamble Company | 167.00 | 165.75 | 133.74 | 24.87% | 10/23 | No | 4.32 | 2.63% | 3.48% | 4.47% | 4.61% | 8.47% | 65.09% | Options Chain | 4.60 | 6.10 | 0.04 | 9 | 67 | None | |
| 55 | WM | Waste Management Inc | 238.90 | 246.06 | 194.23 | 23.00% | 9/11 | No | 3.66 | 1.54% | 14.55% | 7.03% | 9.81% | 7.31% | 48.03% | Options Chain | 8.55 | 6.85 | 0.04 | 10 | 67 | None | |
| 56 | VICI | VICI Properties Inc | 25.24 | 28.95 | 22.43 | 12.53% | 9/17 | No | 1.81 | 7.41% | 4.25% | 2.10% | 5.24% | 8.49% | 70.43% | Options Chain | 0.83 | 0.78 | 0.03 | 12 | 71 | None | |
| 57 | IR | Ingersoll-Rand Inc | 84.18 | 100.89 | 68.05 | 23.70% | 11/12 | No | 0.08 | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 2.27% | Options Chain | 2.43 | 2.73 | 0.03 | 11 | 61 | None | |
| 58 | UL | Unilever plc | 67.34 | 73.09 | 53.97 | 24.77% | 11/13 | No | 2.22 | 3.34% | -6.04% | 1.23% | 1.56% | 3.43% | 45.71% | Options Chain | 2.08 | 1.95 | 0.03 | 12 | 63 | None | |
| 59 | HIG | Hartford Financial Services Group Inc | 138.11 | 145.43 | 120.18 | 14.92% | 12/01 | No | 2.40 | 1.77% | 14.35% | 13.13% | 11.82% | 3.06% | 16.06% | Options Chain | 2.88 | 3.45 | 0.02 | 13 | 64 | None |