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 | INTU | Intuit Inc | 406.99 | 808.22 | 342.11 | 18.96% | 4/09 | Yes | 4.64 | 1.16% | 11.11% | 5.41% | 14.22% | 13.96% | 30.21% | Options Chain | 32.70 | 36.65 | 0.09 | 14 | 67 | None | |
| 2 | ACN | Accenture plc - Class A | 179.01 | 317.43 | 173.65 | 3.09% | 4/09 | Yes | 6.37 | 3.54% | 7.41% | 3.64% | 12.78% | 13.10% | 52.26% | Options Chain | 12.50 | 15.50 | 0.09 | 17 | 68 | None | |
| 3 | WSM | Williams-Sonoma Inc | 180.27 | 221.12 | 145.26 | 24.10% | 4/17 | Yes | 2.74 | 1.56% | 19.22% | 9.19% | 18.82% | 14.51% | 31.00% | Options Chain | 12.80 | 14.45 | 0.08 | 12 | 69 | None | |
| 4 | BBY | Best Buy Co. Inc | 57.27 | 82.62 | 58.18 | 1.56% | 3/24 | Yes | 3.81 | 6.31% | 1.05% | 0.52% | 2.20% | 14.06% | 75.60% | Options Chain | 3.70 | 4.30 | 0.08 | 15 | 50 | None | |
| 5 | KKR | KKR & Co. Inc | 103.33 | 153.15 | 82.67 | 24.99% | 2/17 | Yes | 0.74 | 0.71% | 1.37% | 0.68% | 4.95% | 0.20% | 31.62% | Options Chain | 5.70 | 7.35 | 0.07 | 8 | 65 | None | |
| 6 | ZTS | Zoetis Inc - Class A | 112.54 | 169.60 | 112.10 | 0.39% | 4/20 | Yes | 2.06 | 1.79% | 6.00% | 2.96% | 13.01% | 19.26% | 34.22% | Options Chain | 5.80 | 7.40 | 0.07 | 14 | 63 | None | |
| 7 | CR | Crane Company | 174.24 | 214.04 | 159.58 | 9.19% | 5/29 | Yes | 0.94 | 0.55% | 10.87% | 5.29% | -14.18% | 3.61% | 17.31% | Options Chain | 9.35 | 11.40 | 0.07 | 15 | 42 | None | |
| 8 | NTAP | Netapp Inc | 110.94 | 124.86 | 89.87 | 23.44% | 4/02 | Yes | 2.08 | 1.86% | 0.00% | 0.00% | 0.99% | 11.47% | 34.90% | Options Chain | 6.70 | 6.85 | 0.06 | 14 | 68 | None | |
| 9 | VRSK | Verisk Analytics Inc | 180.45 | 320.43 | 161.70 | 11.60% | 6/15 | Yes | 1.85 | 1.04% | 11.11% | 5.41% | 12.69% | 10.29% | 28.20% | Options Chain | 9.30 | 10.55 | 0.06 | 10 | 62 | None | |
| 10 | CTSH | Cognizant Technology Solutions Corp - Class A | 51.86 | 86.59 | 50.81 | 2.07% | 5/18 | Yes | 1.26 | 2.40% | 6.45% | 3.18% | 5.14% | 6.46% | 27.33% | Options Chain | 2.33 | 3.03 | 0.06 | 16 | 62 | None | |
| 11 | A | Agilent Technologies Inc | 117.53 | 159.62 | 103.94 | 13.07% | 3/31 | Yes | 1.01 | 0.88% | 6.69% | 3.29% | 7.07% | 9.10% | 22.21% | Options Chain | 5.00 | 6.85 | 0.06 | 13 | 61 | None | |
| 12 | HD | Home Depot Inc | 312.42 | 421.19 | 310.42 | 0.64% | 3/12 | Yes | 9.23 | 2.85% | 1.30% | 0.65% | 5.23% | 27.51% | 64.82% | Options Chain | 15.00 | 17.60 | 0.06 | 7 | 67 | None | |
| 13 | LOW | Lowe`s Cos. Inc | 223.72 | 291.66 | 206.27 | 8.46% | 4/22 | Yes | 4.80 | 2.05% | 2.13% | 1.06% | 6.72% | 16.42% | 40.51% | Options Chain | 8.80 | 12.45 | 0.06 | 8 | 63 | None | |
| 14 | NTES | NetEase Inc | 116.25 | 157.33 | 100.81 | 15.32% | 3/16 | Yes | 2.98 | 2.51% | 52.87% | 23.64% | 32.14% | 17.99% | 38.74% | Options Chain | 6.35 | 6.20 | 0.05 | 19 | 29 |
Dividend Stock List |
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| 15 | SSNC | SS&C Technologies Holdings Inc | 69.28 | 90.18 | 65.05 | 6.50% | 3/02 | No | 1.06 | 1.53% | 3.85% | 1.90% | 7.79% | 15.32% | 32.92% | Options Chain | 3.35 | 3.43 | 0.05 | 12 | 68 | None | |
| 16 | IBM | International Business Machines Corp | 229.48 | 323.06 | 220.72 | 3.97% | 5/08 | No | 6.72 | 2.89% | 0.75% | 0.37% | 0.64% | 4.75% | 59.42% | Options Chain | 9.20 | 10.78 | 0.05 | 14 | 72 | None | |
| 17 | EHC | Encompass Health Corp | 106.64 | 127.51 | 92.59 | 15.17% | 4/01 | No | 0.74 | 0.69% | 8.57% | 4.20% | -9.24% | -1.08% | 13.33% | Options Chain | 4.95 | 4.25 | 0.05 | 12 | 65 | None | |
| 18 | RMD | Resmed Inc | 209.00 | 292.44 | 198.64 | 5.22% | 5/14 | No | 2.33 | 1.11% | 6.19% | 3.05% | 8.69% | 8.60% | 22.47% | Options Chain | 7.65 | 9.70 | 0.05 | 20 | 69 |
Dividend Stock List |
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| 19 | LDOS | Leidos Holdings Inc | 152.00 | 204.80 | 137.11 | 10.86% | 6/15 | Yes | 1.66 | 1.11% | 5.52% | 2.72% | 4.54% | -0.64% | 14.89% | Options Chain | 4.00 | 6.90 | 0.05 | 13 | 69 | None | |
| 20 | CMCSA | Comcast Corp - Class A | 26.46 | 32.98 | 23.58 | 12.21% | 4/01 | No | 1.32 | 4.86% | 1.54% | 0.77% | 5.64% | 28.34% | 25.88% | Options Chain | 0.76 | 1.19 | 0.04 | 15 | 63 | None | |
| 21 | SCHW | Charles Schwab Corp | 91.60 | 107.14 | 82.18 | 11.46% | 5/08 | No | 1.13 | 1.24% | 18.52% | 8.87% | 11.10% | 18.32% | 22.47% | Options Chain | 3.63 | 4.05 | 0.04 | 14 | 69 | None | |
| 22 | TROW | T. Rowe Price Group Inc | 103.06 | 113.69 | 85.22 | 20.93% | 3/16 | No | 5.11 | 4.96% | 2.36% | 1.17% | 2.02% | 16.78% | 54.83% | Options Chain | 2.98 | 4.50 | 0.04 | 20 | 66 |
Dividend Stock List |
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| 23 | COF | Capital One Financial Corp | 189.68 | 258.65 | 174.98 | 8.40% | 2/19 | No | 2.80 | 1.46% | 23.08% | 10.94% | 7.46% | 11.64% | 86.42% | Options Chain | 8.20 | 8.25 | 0.04 | 10 | 68 | None | |
| 24 | SYK | Stryker Corp | 295.25 | 401.86 | 290.23 | 1.73% | 3/31 | No | 3.44 | 1.18% | 3.53% | 1.75% | 5.56% | 11.89% | 41.20% | Options Chain | 9.45 | 12.75 | 0.04 | 12 | 68 | None | |
| 25 | AXP | American Express Company | 315.95 | 385.41 | 271.05 | 16.57% | 4/02 | No | 3.41 | 1.07% | 20.25% | 9.66% | 17.55% | 8.02% | 21.29% | Options Chain | 11.28 | 13.28 | 0.04 | 12 | 71 | None | |
| 26 | FAST | Fastenal Company | 44.96 | 49.83 | 38.24 | 17.57% | 4/28 | No | 0.92 | 2.05% | 9.71% | 4.74% | 11.55% | 12.78% | 81.42% | Options Chain | 1.43 | 1.88 | 0.04 | 17 | 56 | None | |
| 27 | MDT | Medtronic Plc | 78.30 | 104.70 | 77.47 | 1.07% | 3/27 | Yes | 2.84 | 3.55% | 0.35% | 0.18% | 1.56% | 16.03% | 79.33% | Options Chain | 2.92 | 3.24 | 0.04 | 11 | 65 | None | |
| 28 | COST | Costco Wholesale Corp | 1,016.42 | 1,061.11 | 841.69 | 20.76% | 5/01 | Yes | 5.37 | 0.53% | 16.21% | 7.80% | 13.93% | 12.92% | 27.94% | Options Chain | 37.58 | 41.90 | 0.04 | 14 | 60 | None | |
| 29 | DRI | Darden Restaurants Inc | 191.87 | 221.49 | 166.47 | 15.26% | 4/10 | No | 6.00 | 3.09% | 3.45% | 1.71% | 6.75% | 13.54% | 63.29% | Options Chain | 7.90 | 6.90 | 0.04 | 11 | 68 | None | |
| 30 | MET | Metlife Inc | 78.95 | 83.25 | 67.33 | 17.26% | 5/12 | Yes | 2.27 | 2.83% | 5.45% | 2.69% | 4.60% | 6.89% | 48.20% | Options Chain | 3.13 | 3.20 | 0.04 | 13 | 70 | None | |
| 31 | DHR | Danaher Corp | 174.20 | 242.28 | 172.34 | 1.08% | 3/27 | No | 1.36 | 0.78% | 25.00% | 11.80% | 12.47% | 17.37% | 26.41% | Options Chain | 7.00 | 6.65 | 0.04 | 11 | 61 | None | |
| 32 | PRU | Prudential Financial Inc | 97.65 | 118.16 | 91.89 | 6.27% | 2/17 | Yes | 5.45 | 5.58% | 3.70% | 1.84% | 3.93% | 9.95% | 54.55% | Options Chain | 3.25 | 3.85 | 0.04 | 18 | 70 | None | |
| 33 | MA | Mastercard Incorporated - Class A | 504.74 | 599.05 | 479.68 | 5.22% | 4/09 | No | 3.26 | 0.66% | 14.47% | 6.99% | 15.43% | 25.10% | 19.71% | Options Chain | 17.65 | 19.85 | 0.04 | 10 | 68 | None | |
| 34 | ABT | Abbott Laboratories | 87.17 | 136.28 | 87.30 | 0.15% | 4/15 | No | 2.44 | 2.72% | 6.78% | 3.33% | 7.60% | 8.42% | 68.35% | Options Chain | 3.35 | 3.25 | 0.04 | 12 | 65 | None | |
| 35 | UNM | Unum Group | 80.81 | 81.17 | 67.06 | 20.50% | 4/24 | No | 1.84 | 2.29% | 4.55% | 2.25% | 9.93% | 5.89% | 42.69% | Options Chain | 2.03 | 3.10 | 0.04 | 9 | 60 | None | |
| 36 | CP | Canadian Pacific Kansas City Ltd | 83.50 | 89.23 | 68.13 | 22.56% | 6/26 | No | 0.91 | 1.05% | 22.65% | 10.75% | 8.98% | 8.47% | 27.80% | Options Chain | 2.03 | 3.20 | 0.04 | 8 | 62 | None | |
| 37 | SCI | Service Corp International | 79.08 | 88.67 | 73.08 | 8.21% | 3/13 | Yes | 1.32 | 1.68% | 4.62% | 2.28% | 7.46% | 8.81% | 34.74% | Options Chain | 2.58 | 3.00 | 0.04 | 9 | 65 | None | |
| 38 | PM | Philip Morris International Inc | 169.19 | 189.61 | 139.58 | 21.21% | 3/19 | No | 5.76 | 3.46% | 4.26% | 2.11% | 3.93% | 5.94% | 81.13% | Options Chain | 6.40 | 6.15 | 0.04 | 8 | 61 | None | |
| 39 | HON | Honeywell International Inc | 209.59 | 248.18 | 185.84 | 12.78% | 5/15 | No | 4.64 | 2.18% | 3.93% | 1.95% | 4.64% | 6.13% | 74.00% | Options Chain | 7.10 | 7.90 | 0.04 | 11 | 69 | None | |
| 40 | AIG | American International Group Inc | 78.32 | 86.78 | 70.83 | 10.57% | 6/15 | No | 1.80 | 2.29% | 14.29% | 6.90% | 11.80% | 4.67% | 31.69% | Options Chain | 2.10 | 2.95 | 0.04 | 11 | 65 | None | |
| 41 | OTIS | Otis Worldwide Corp | 75.88 | 100.01 | 75.27 | 0.81% | 5/15 | No | 1.68 | 2.18% | 6.67% | 3.28% | 12.21% | 15.72% | 44.68% | Options Chain | 2.78 | 2.38 | 0.04 | 13 | 58 | None | |
| 42 | RJF | Raymond James Financial Inc | 158.87 | 175.89 | 138.82 | 14.44% | 4/01 | No | 2.08 | 1.33% | 8.00% | 3.92% | 20.05% | 24.25% | 19.64% | Options Chain | 5.40 | 5.80 | 0.04 | 17 | 66 | None | |
| 43 | CL | Colgate-Palmolive Company | 86.33 | 98.72 | 73.64 | 17.23% | 4/20 | No | 2.09 | 2.40% | 2.91% | 1.45% | 3.33% | 8.52% | 79.47% | Options Chain | 2.50 | 3.13 | 0.04 | 7 | 62 | None | |
| 44 | MSFT | Microsoft Corporation | 413.62 | 552.24 | 356.28 | 16.09% | 5/21 | No | 3.48 | 0.84% | 7.06% | 3.47% | 9.41% | 12.54% | 20.74% | Options Chain | 14.00 | 14.35 | 0.03 | 15 | 72 | None | |
| 45 | WCN | Waste Connections Inc | 157.66 | 197.83 | 154.90 | 1.78% | 5/06 | No | 1.33 | 0.83% | 8.11% | 3.98% | 10.33% | 13.88% | 32.44% | Options Chain | 3.75 | 5.45 | 0.03 | 11 | 65 | None | |
| 46 | CNI | Canadian National Railway Company | 109.99 | 115.80 | 89.58 | 22.78% | 6/09 | No | 3.58 | 3.20% | 3.10% | 1.54% | 5.72% | 14.96% | 64.23% | Options Chain | 3.60 | 3.60 | 0.03 | 14 | 65 | None | |
| 47 | ALL | Allstate Corp (The) | 218.51 | 221.19 | 186.25 | 17.32% | 3/02 | No | 4.08 | 1.89% | 8.00% | 3.92% | 6.17% | 8.08% | 10.72% | Options Chain | 5.70 | 7.10 | 0.03 | 19 | 75 | None | |
| 48 | MKC | McCormick & Co. Inc (Non Voting) | 48.02 | 75.95 | 47.10 | 1.95% | 4/20 | No | 1.86 | 3.70% | 4.92% | 2.43% | 6.37% | 11.06% | 30.49% | Options Chain | 1.55 | 0.78 | 0.03 | 12 | 63 | None | |
| 49 | YUMC | Yum China Holdings Inc | 48.39 | 58.07 | 41.02 | 17.97% | 5/27 | No | 1.01 | 2.11% | 20.83% | 9.92% | 24.68% | 14.77% | 40.24% | Options Chain | 1.28 | 1.55 | 0.03 | 17 | 16 | None | |
| 50 | MCD | McDonald`s Corp | 284.10 | 339.85 | 278.64 | 1.96% | 3/03 | Yes | 7.26 | 2.53% | 3.77% | 1.87% | 7.08% | 17.52% | 60.70% | Options Chain | 9.08 | 8.93 | 0.03 | 9 | 61 | None | |
| 51 | V | Visa Inc - Class A | 322.03 | 373.33 | 293.89 | 9.58% | 5/12 | No | 2.52 | 0.77% | 9.84% | 4.80% | 14.21% | 21.37% | 21.95% | Options Chain | 8.63 | 10.28 | 0.03 | 11 | 71 | None | |
| 52 | SHW | Sherwin-Williams Company | 311.60 | 377.93 | 301.58 | 3.32% | 5/22 | No | 3.17 | 1.00% | 1.27% | 0.63% | 7.46% | 11.73% | 30.87% | Options Chain | 8.50 | 9.90 | 0.03 | 11 | 62 | None | |
| 53 | PG | Procter & Gamble Company | 143.42 | 167.46 | 136.65 | 4.95% | 4/24 | No | 4.26 | 2.89% | 4.24% | 2.10% | 4.80% | 8.60% | 64.04% | Options Chain | 4.33 | 4.50 | 0.03 | 8 | 65 | None | |
| 54 | YUM | Yum Brands Inc | 153.89 | 169.39 | 136.02 | 13.14% | 2/20 | Yes | 2.88 | 1.87% | 5.63% | 2.78% | 7.10% | 13.77% | 51.89% | Options Chain | 4.15 | 4.80 | 0.03 | 12 | 64 | None | |
| 55 | XYL | Xylem Inc | 116.39 | 153.32 | 113.10 | 2.91% | 2/24 | Yes | 1.63 | 1.42% | 7.50% | 3.68% | 9.42% | 11.15% | 41.58% | Options Chain | 2.88 | 3.55 | 0.03 | 13 | 58 | None | |
| 56 | BCE | BCE Inc | 24.10 | 26.46 | 19.95 | 20.80% | 3/16 | Yes | 1.75 | 7.30% | -24.24% | -12.96% | -16.96% | 2.64% | 35.28% | Options Chain | 0.73 | 0.25 | 0.03 | 16 | 64 | None | |
| 57 | HIG | Hartford Financial Services Group Inc | 133.81 | 143.88 | 118.11 | 13.29% | 3/02 | No | 2.24 | 1.65% | 11.11% | 5.41% | 11.02% | 2.69% | 15.76% | Options Chain | 3.15 | 4.00 | 0.03 | 18 | 72 | None | |
| 58 | UL | Unilever plc | 58.42 | 74.41 | 54.95 | 6.31% | 5/15 | No | 2.32 | 3.95% | -4.83% | -2.45% | 1.88% | 4.10% | 76.29% | Options Chain | 1.73 | 1.48 | 0.03 | 12 | 66 | None | |
| 59 | DGX | Quest Diagnostics Inc | 191.50 | 212.58 | 162.47 | 17.87% | 4/06 | No | 3.26 | 1.69% | 9.21% | 4.50% | 7.25% | 10.67% | 36.02% | Options Chain | 4.90 | 5.60 | 0.03 | 14 | 67 | None | |
| 60 | CB | Chubb Ltd | 325.12 | 344.65 | 261.59 | 24.29% | 3/13 | No | 3.88 | 1.19% | 1.57% | 0.78% | 4.21% | 12.44% | 13.72% | Options Chain | 8.35 | 9.15 | 0.03 | 16 | 72 | None | |
| 61 | BRO | Brown & Brown Inc | 57.51 | 113.16 | 56.95 | 0.98% | 5/11 | No | 0.63 | 1.10% | 7.32% | 3.59% | 11.80% | 10.59% | 20.52% | Options Chain | 1.53 | 1.60 | 0.03 | 10 | 64 | None | |
| 62 | ZBH | Zimmer Biomet Holdings Inc | 83.01 | 107.45 | 79.83 | 3.98% | 3/31 | Yes | 0.96 | 1.16% | 0.00% | 0.00% | 0.00% | 2.24% | 24.87% | Options Chain | 2.10 | 1.65 | 0.03 | 11 | 62 | None | |
| 63 | WM | Waste Management Inc | 224.49 | 247.15 | 192.60 | 16.56% | 3/13 | No | 3.42 | 1.49% | 14.55% | 7.03% | 9.81% | 7.31% | 49.49% | Options Chain | 4.05 | 4.50 | 0.02 | 12 | 64 | None | |
| 64 | VICI | VICI Properties Inc | 28.07 | 32.48 | 26.55 | 5.73% | 3/19 | Yes | 1.78 | 6.35% | 1.98% | 0.99% | 4.66% | 8.49% | 61.04% | Options Chain | 0.20 | 0.45 | 0.02 | 13 | 77 | None | |
| 65 | JNPR | Juniper Networks Inc | 39.95 | 39.96 | 33.22 | 20.26% | 6/02 | No | 0.88 | 2.20% | 0.00% | 0.00% | 2.41% | 9.16% | 83.81% | No | N/A | N/A | N/A | 12 | 47 | None |