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 60 or better, and have made at least 20 dividend payments over the last 5 years. 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 | APO | Apollo Global Management Inc | 100.25 | 155.46 | 99.56 | 0.69% | 2/19 | No | 2.04 | 2.03% | 2.38% | 1.18% | 6.26% | 16.29% | 36.82% | Options Chain | 7.65 | 8.90 | 0.09 | 13 | 64 | None | |
| 2 | ACN | Accenture plc - Class A | 197.20 | 320.13 | 188.73 | 4.49% | 1/13 | Yes | 6.22 | 3.15% | 7.41% | 3.64% | 12.78% | 13.10% | 51.36% | Options Chain | 14.65 | 16.35 | 0.08 | 16 | 68 | None | |
| 3 | NTR | Nutrien Ltd | 85.85 | 85.36 | 44.54 | 92.75% | 3/31 | No | 2.18 | 2.54% | 0.92% | 0.46% | 3.46% | 9.91% | 46.78% | Options Chain | 5.30 | 6.90 | 0.08 | 15 | 72 | None | |
| 4 | IBM | International Business Machines Corp | 247.68 | 323.06 | 209.30 | 18.34% | 2/10 | Yes | 6.72 | 2.71% | 0.15% | 0.07% | 0.49% | 4.75% | 60.38% | Options Chain | 13.90 | 19.08 | 0.08 | 14 | 74 | None | |
| 5 | FHN | First Horizon Corporation | 22.17 | 26.36 | 14.77 | 50.10% | 3/13 | Yes | 0.62 | 2.80% | 13.33% | 6.46% | 3.18% | 3.95% | 33.16% | Options Chain | 1.18 | 1.68 | 0.08 | 15 | 68 | None | |
| 6 | SLB | SLB | 44.56 | 52.45 | 30.19 | 47.60% | 2/11 | Yes | 1.15 | 2.57% | 3.51% | 1.74% | 16.08% | 3.48% | 48.94% | Options Chain | 2.65 | 3.26 | 0.07 | 8 | 60 | None | |
| 7 | BBY | Best Buy Co. Inc | 62.86 | 83.88 | 52.85 | 18.94% | 3/24 | No | 3.80 | 6.05% | 1.05% | 0.52% | 2.20% | 14.06% | 77.39% | Options Chain | 3.80 | 4.30 | 0.07 | 14 | 48 | None | |
| 8 | NXPI | NXP Semiconductors NV | 191.22 | 256.36 | 146.07 | 30.91% | 3/25 | No | 4.06 | 2.12% | 0.00% | 0.00% | 4.66% | 21.67% | 50.95% | Options Chain | 10.55 | 13.05 | 0.07 | 9 | 66 | None | |
| 9 | PSX | Phillips 66 | 174.09 | 178.38 | 87.79 | 98.30% | 2/23 | Yes | 4.87 | 2.77% | 6.95% | 3.42% | 7.32% | 11.21% | 45.13% | Options Chain | 10.35 | 11.80 | 0.07 | 16 | 71 | None | |
| 10 | CTRA | Coterra Energy Inc | 31.98 | 32.43 | 21.72 | 47.24% | 3/11 | No | 0.88 | 2.75% | 0.00% | 0.00% | -22.90% | 13.10% | 39.29% | Options Chain | 1.85 | 2.10 | 0.07 | 15 | 70 | None | |
| 11 | EOG | EOG Resources Inc | 133.04 | 134.36 | 98.86 | 34.57% | 4/16 | Yes | 3.99 | 3.00% | 3.42% | 1.70% | 7.99% | 15.56% | 43.75% | Options Chain | 7.50 | 8.40 | 0.06 | 10 | 66 | None | |
| 12 | FITB | Fifth Third Bancorp | 43.59 | 55.44 | 31.41 | 38.78% | 12/31 | Yes | 1.54 | 3.53% | 6.94% | 6.41% | 7.81% | 8.25% | 43.63% | Options Chain | 2.35 | 2.68 | 0.06 | 10 | 73 | None | |
| 13 | USB | U.S. Bancorp. | 51.48 | 61.19 | 34.10 | 50.97% | 12/31 | Yes | 2.04 | 3.96% | 1.96% | 0.98% | 2.56% | 8.74% | 44.16% | Options Chain | 2.35 | 3.13 | 0.06 | 13 | 66 | None | |
| 14 | BAC | Bank Of America Corp | 47.15 | 57.23 | 32.34 | 45.79% | 3/06 | Yes | 1.10 | 2.33% | 3.70% | 1.84% | 6.83% | 4.49% | 28.87% | Options Chain | 2.38 | 2.84 | 0.06 | 10 | 64 | None | |
| 15 | MRK | Merck & Co Inc | 115.91 | 125.14 | 71.26 | 62.66% | 3/16 | Yes | 3.28 | 2.83% | 3.66% | 1.81% | 4.97% | 9.06% | 45.05% | Options Chain | 6.08 | 6.93 | 0.06 | 12 | 75 | None | |
| 16 | QCOM | Qualcomm Inc | 131.15 | 203.60 | 118.03 | 11.12% | 3/05 | No | 3.56 | 2.72% | 1.14% | 0.57% | 4.99% | 16.60% | 72.36% | Options Chain | 7.78 | 5.98 | 0.06 | 11 | 72 | None | |
| 17 | CNQ | Canadian Natural Resources Ltd | 48.90 | 48.87 | 23.71 | 106.24% | 3/20 | Yes | 2.35 | 4.81% | 6.38% | 3.14% | 12.69% | 23.08% | 62.01% | Options Chain | 2.58 | 2.90 | 0.06 | 15 | 72 | None | |
| 18 | TGT | Target Corp | 115.75 | 126.00 | 82.60 | 40.13% | 5/13 | No | 4.54 | 3.87% | 0.88% | 0.44% | 3.59% | 11.28% | 55.43% | Options Chain | 6.15 | 6.80 | 0.06 | 12 | 66 | None | |
| 19 | BMY | Bristol-Myers Squibb Company | 59.26 | 62.89 | 41.88 | 41.50% | 4/02 | Yes | 2.49 | 4.20% | 1.61% | 0.80% | 3.93% | 7.12% | 71.97% | Options Chain | 2.59 | 3.48 | 0.06 | 15 | 60 | None | |
| 20 | AMGN | AMGEN Inc | 368.26 | 391.29 | 253.48 | 45.28% | 5/15 | Yes | 9.66 | 2.62% | 5.88% | 2.90% | 6.76% | 15.64% | 67.84% | Options Chain | 19.58 | 21.58 | 0.06 | 14 | 71 | None | |
| 21 | XOM | Exxon Mobil Corp | 154.25 | 159.61 | 94.55 | 63.14% | 2/12 | Yes | 4.04 | 2.62% | 3.00% | 1.49% | 3.79% | 5.76% | 60.30% | Options Chain | 6.38 | 8.95 | 0.06 | 11 | 73 | None | |
| 22 | SU | Suncor Energy Inc | 59.75 | 58.63 | 29.61 | 101.79% | 3/04 | No | 2.34 | 3.90% | 3.90% | 1.93% | 6.30% | 13.28% | 65.92% | Options Chain | 3.03 | 3.45 | 0.06 | 10 | 63 | None | |
| 23 | TFC | Truist Financial Corporation | 44.37 | 55.64 | 32.02 | 38.57% | 2/13 | Yes | 2.08 | 4.70% | 0.00% | 0.00% | 0.99% | 7.08% | 54.45% | Options Chain | 1.61 | 2.50 | 0.06 | 12 | 72 | None | |
| 24 | STZ | Constellation Brands Inc - Class A | 148.32 | 192.99 | 125.63 | 18.06% | 1/29 | Yes | 4.08 | 2.76% | 0.25% | 0.12% | 6.60% | 11.65% | 63.95% | Options Chain | 8.30 | 8.05 | 0.06 | 7 | 67 | None | |
| 25 | NTAP | Netapp Inc | 96.93 | 125.50 | 70.84 | 36.83% | 4/02 | No | 2.08 | 2.15% | 0.00% | 0.00% | 0.99% | 11.47% | 34.90% | Options Chain | 3.90 | 5.35 | 0.06 | 14 | 66 | None | |
| 26 | FANG | Diamondback Energy Inc | 177.01 | 186.66 | 110.97 | 59.51% | 3/05 | No | 4.05 | 2.29% | 5.00% | 2.47% | -17.26% | 34.11% | 70.80% | Options Chain | 7.95 | 9.65 | 0.05 | 9 | 69 | None | |
| 27 | PM | Philip Morris International Inc | 172.00 | 191.30 | 140.83 | 22.13% | 3/19 | Yes | 5.64 | 3.28% | 4.26% | 2.11% | 3.93% | 5.94% | 77.69% | Options Chain | 8.60 | 9.15 | 0.05 | 9 | 61 | None | |
| 28 | DRI | Darden Restaurants Inc | 198.43 | 223.20 | 167.75 | 18.29% | 1/09 | Yes | 5.90 | 2.97% | 3.45% | 1.71% | 6.75% | 13.54% | 61.84% | Options Chain | 10.55 | 8.90 | 0.05 | 14 | 69 | None | |
| 29 | JPM | JPMorgan Chase & Company | 282.89 | 335.87 | 199.32 | 41.93% | 1/06 | Yes | 5.80 | 2.05% | 8.11% | 3.98% | 10.67% | 5.01% | 29.10% | Options Chain | 13.30 | 14.73 | 0.05 | 9 | 79 | None | |
| 30 | KEY | Keycorp | 19.22 | 23.12 | 12.17 | 57.93% | 3/03 | Yes | 0.82 | 4.27% | 0.00% | 0.00% | 0.94% | 3.23% | 53.95% | Options Chain | 0.91 | 0.99 | 0.05 | 15 | 67 | None | |
| 31 | GILD | Gilead Sciences Inc | 145.21 | 157.29 | 91.47 | 58.75% | 3/13 | Yes | 3.19 | 2.20% | 3.80% | 1.88% | 2.95% | 6.19% | 47.05% | Options Chain | 6.78 | 7.28 | 0.05 | 10 | 64 | None | |
| 32 | RF | Regions Financial Corp | 25.32 | 31.23 | 17.02 | 48.77% | 3/02 | Yes | 1.04 | 4.09% | 2.91% | 1.45% | 9.40% | -1.38% | 46.44% | Options Chain | 1.25 | 1.20 | 0.05 | 15 | 69 | None | |
| 33 | AIG | American International Group Inc | 77.12 | 87.29 | 71.25 | 8.24% | 3/16 | No | 1.75 | 2.27% | 2.86% | 1.42% | 8.90% | 4.67% | 32.23% | Options Chain | 3.60 | 3.80 | 0.05 | 12 | 71 | None | |
| 34 | CTSH | Cognizant Technology Solutions Corp - Class A | 61.18 | 86.59 | 60.04 | 1.90% | 2/18 | No | 1.26 | 2.06% | 6.45% | 3.18% | 5.14% | 6.46% | 27.63% | Options Chain | 2.20 | 2.93 | 0.05 | 13 | 62 | None | |
| 35 | CSCO | Cisco Systems Inc | 77.74 | 88.19 | 51.21 | 51.81% | 4/02 | No | 1.64 | 2.11% | 3.07% | 1.52% | 2.70% | 10.35% | 58.99% | Options Chain | 3.23 | 3.68 | 0.05 | 10 | 65 | None | |
| 36 | CMCSA | Comcast Corp - Class A | 30.16 | 33.94 | 23.84 | 26.51% | 4/01 | Yes | 1.32 | 4.38% | 1.54% | 0.77% | 5.64% | 28.34% | 24.49% | Options Chain | 1.38 | 1.41 | 0.05 | 14 | 67 | None | |
| 37 | KMI | Kinder Morgan Inc - Class P | 33.36 | 34.24 | 22.95 | 45.36% | 2/02 | Yes | 1.17 | 3.51% | 0.43% | 0.21% | 1.50% | -1.07% | 85.40% | Options Chain | 1.01 | 1.54 | 0.05 | 8 | 60 | None | |
| 38 | ABT | Abbott Laboratories | 108.35 | 137.13 | 105.27 | 2.93% | 4/15 | Yes | 2.40 | 2.20% | 6.78% | 3.33% | 7.60% | 8.42% | 64.34% | Options Chain | 4.83 | 5.00 | 0.05 | 11 | 70 | None | |
| 39 | HD | Home Depot Inc | 349.80 | 424.01 | 320.39 | 9.18% | 3/12 | No | 9.23 | 2.64% | 1.30% | 0.65% | 5.23% | 27.51% | 64.95% | Options Chain | 14.90 | 15.98 | 0.05 | 6 | 62 | None | |
| 40 | UNP | Union Pacific Corp | 244.10 | 268.14 | 199.94 | 22.09% | 2/27 | Yes | 5.48 | 2.26% | 1.47% | 0.73% | 2.10% | 8.29% | 45.55% | Options Chain | 9.25 | 11.10 | 0.05 | 11 | 66 | None | |
| 41 | UNM | Unum Group | 72.69 | 82.55 | 65.28 | 11.35% | 1/30 | No | 1.80 | 2.49% | 4.55% | 2.25% | 9.93% | 5.89% | 42.25% | Options Chain | 2.50 | 3.25 | 0.04 | 9 | 68 | None | |
| 42 | STT | State Street Corp | 123.21 | 137.05 | 71.30 | 72.81% | 4/01 | Yes | 3.20 | 2.64% | 7.69% | 3.77% | 11.42% | 12.03% | 34.04% | Options Chain | 4.25 | 5.50 | 0.04 | 12 | 68 | None | |
| 43 | OKE | Oneok Inc | 84.93 | 98.17 | 63.16 | 34.47% | 2/02 | No | 4.16 | 4.90% | 3.88% | 1.92% | 3.43% | 6.96% | 76.75% | Options Chain | 3.75 | 3.03 | 0.04 | 10 | 66 | None | |
| 44 | PG | Procter & Gamble Company | 150.50 | 170.10 | 136.65 | 10.14% | 1/23 | Yes | 4.23 | 2.81% | 1.20% | 0.60% | 4.03% | 8.60% | 63.66% | Options Chain | 5.78 | 6.60 | 0.04 | 8 | 65 | None | |
| 45 | MDT | Medtronic Plc | 87.38 | 105.55 | 77.73 | 12.41% | 3/27 | No | 2.83 | 3.24% | 0.35% | 0.18% | 1.56% | 16.03% | 79.05% | Options Chain | 3.01 | 3.75 | 0.04 | 13 | 73 | None | |
| 46 | PRU | Prudential Financial Inc | 92.34 | 118.16 | 85.81 | 7.61% | 2/17 | No | 5.45 | 5.81% | 3.70% | 1.84% | 3.93% | 9.95% | 54.55% | Options Chain | 3.70 | 3.95 | 0.04 | 19 | 73 | None | |
| 47 | JNJ | Johnson & Johnson | 242.04 | 251.71 | 137.67 | 75.81% | 2/24 | Yes | 5.20 | 2.14% | 1.17% | 0.58% | 3.97% | 12.87% | 47.14% | Options Chain | 7.95 | 10.35 | 0.04 | 10 | 66 | None | |
| 48 | CL | Colgate-Palmolive Company | 88.01 | 99.33 | 74.10 | 18.77% | 4/20 | Yes | 2.08 | 2.36% | 2.91% | 1.45% | 3.33% | 8.52% | 79.09% | Options Chain | 3.65 | 3.75 | 0.04 | 7 | 62 | None | |
| 49 | CLX | Clorox Company | 108.73 | 144.90 | 95.60 | 13.73% | 4/22 | No | 4.94 | 4.54% | 0.81% | 0.41% | 1.46% | 8.78% | 80.85% | Options Chain | 4.55 | 3.55 | 0.04 | 12 | 54 | None | |
| 50 | CFG | Citizens Financial Group Inc | 56.94 | 68.79 | 31.45 | 81.05% | 2/04 | Yes | 1.76 | 3.09% | 6.98% | 3.43% | 3.23% | 15.70% | 45.60% | Options Chain | 1.95 | 2.38 | 0.04 | 15 | 76 | None | |
| 51 | NTES | NetEase Inc | 116.27 | 158.90 | 87.33 | 33.14% | 3/16 | No | 3.04 | 2.61% | 52.87% | 23.64% | 32.14% | 17.99% | 39.94% | Options Chain | 4.20 | 4.85 | 0.04 | 18 | 62 |
Dividend Stock List |
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| 52 | SPG | Simon Property Group Inc | 187.57 | 202.78 | 129.87 | 44.43% | 3/10 | No | 8.65 | 4.61% | 2.92% | 1.45% | 6.27% | 5.14% | 61.09% | Options Chain | 4.45 | 7.15 | 0.04 | 14 | 77 | None | |
| 53 | PCAR | Paccar Inc | 116.82 | 131.54 | 82.54 | 41.53% | 2/11 | No | 2.39 | 2.05% | 0.00% | 0.00% | 9.25% | 9.75% | 52.99% | Options Chain | 3.00 | 4.35 | 0.04 | 10 | 66 | None | |
| 54 | BTI | British American Tobacco Plc | 59.89 | 63.22 | 36.35 | 64.76% | 12/29 | No | 3.21 | 5.36% | 3.99% | 5.83% | 6.04% | 11.35% | 68.47% | Options Chain | 1.55 | 2.23 | 0.04 | 13 | 70 | None | |
| 55 | MCD | McDonald`s Corp | 323.91 | 339.85 | 278.64 | 16.25% | 3/03 | Yes | 7.26 | 2.24% | 3.77% | 1.87% | 7.08% | 17.52% | 61.32% | Options Chain | 11.60 | 11.93 | 0.04 | 11 | 65 | None | |
| 56 | MET | Metlife Inc | 68.79 | 83.25 | 63.33 | 8.62% | 2/03 | No | 2.27 | 3.30% | 1.00% | 0.50% | 3.48% | 6.89% | 48.20% | Options Chain | 1.95 | 2.50 | 0.04 | 14 | 69 | None | |
| 57 | VZ | Verizon Communications Inc | 50.63 | 51.41 | 37.74 | 34.15% | 4/10 | No | 2.73 | 5.32% | 3.95% | 1.96% | 2.41% | 2.96% | 67.36% | Options Chain | 1.68 | 1.82 | 0.04 | 7 | 65 | None | |
| 58 | UL | Unilever plc | 64.40 | 74.41 | 61.31 | 5.04% | 2/27 | No | 2.32 | 3.62% | -3.12% | -1.57% | 2.34% | 4.10% | 75.79% | Options Chain | 1.53 | 2.30 | 0.04 | 10 | 65 | None | |
| 59 | MAS | Masco Corp | 60.66 | 78.85 | 55.50 | 9.30% | 2/20 | No | 1.25 | 2.06% | 3.23% | 1.60% | 3.39% | 5.52% | 32.38% | Options Chain | 1.50 | 2.03 | 0.03 | 9 | 61 | None | |
| 60 | TD | Toronto Dominion Bank | 94.03 | 99.84 | 52.64 | 78.63% | 4/09 | No | 4.23 | 4.54% | 2.86% | 1.42% | 4.96% | 9.53% | 50.06% | Options Chain | 3.13 | 2.68 | 0.03 | 12 | 68 | None | |
| 61 | CINF | Cincinnati Financial Corp | 164.23 | 174.27 | 120.97 | 35.76% | 3/24 | No | 3.48 | 2.12% | 8.05% | 3.95% | 8.04% | 8.94% | 22.92% | Options Chain | 4.40 | 5.35 | 0.03 | 18 | 70 | None | |
| 62 | SYY | Sysco Corp | 84.91 | 91.84 | 65.74 | 29.16% | 4/02 | No | 2.13 | 2.49% | 2.86% | 1.42% | 2.99% | 15.19% | 57.41% | Options Chain | 2.58 | 2.23 | 0.03 | 10 | 61 | None | |
| 63 | HST | Host Hotels & Resorts Inc | 18.70 | 21.00 | 11.70 | 59.83% | 3/31 | No | 0.75 | 3.90% | 0.00% | 0.00% | 24.78% | -0.14% | 68.18% | Options Chain | 0.50 | 0.55 | 0.03 | 12 | 59 | None | |
| 64 | KDP | Keurig Dr Pepper Inc | 26.93 | 35.33 | 24.82 | 8.50% | 3/27 | No | 0.92 | 3.42% | 0.00% | 0.00% | 4.81% | 0.16% | 60.13% | Options Chain | 0.60 | 0.75 | 0.03 | 12 | 62 | None | |
| 65 | MFC | Manulife Financial Corp | 33.50 | 38.34 | 24.92 | 34.43% | 2/24 | No | 1.85 | 5.52% | 10.23% | 4.99% | 10.10% | 10.87% | 82.22% | Options Chain | 0.78 | 0.85 | 0.03 | 13 | 67 | None | |
| 66 | OTIS | Otis Worldwide Corp | 82.63 | 104.02 | 82.47 | 0.19% | 2/13 | No | 1.68 | 2.03% | 1.82% | 0.90% | 10.92% | 15.72% | 48.00% | Options Chain | 1.83 | 2.08 | 0.03 | 11 | 60 | None | |
| 67 | ITW | Illinois Tool Works Inc | 265.62 | 303.15 | 210.69 | 26.07% | 3/31 | No | 6.22 | 2.34% | 3.54% | 1.75% | 6.21% | 13.46% | 59.24% | Options Chain | 6.55 | 5.80 | 0.02 | 11 | 64 | None | |
| 68 | TROW | T. Rowe Price Group Inc | 87.91 | 115.38 | 74.96 | 17.28% | 3/16 | No | 5.08 | 5.73% | 2.36% | 1.17% | 2.02% | 16.78% | 54.98% | Options Chain | 2.03 | 2.15 | 0.02 | 19 | 62 |
Dividend Stock List |
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| 69 | RY | Royal Bank Of Canada | 162.97 | 176.19 | 102.80 | 58.53% | 4/23 | No | 6.20 | 3.99% | 8.61% | 4.22% | 7.24% | 8.37% | 58.05% | Options Chain | 3.08 | 3.85 | 0.02 | 10 | 67 | None | |
| 70 | BCE | BCE Inc | 25.69 | 26.52 | 19.48 | 31.88% | 3/16 | No | 2.31 | 8.99% | -24.24% | -12.96% | -16.96% | 2.64% | 46.20% | Options Chain | 0.38 | 0.50 | 0.02 | 12 | 57 | None | |
| 71 | VICI | VICI Properties Inc | 28.43 | 33.01 | 27.19 | 4.56% | 3/19 | No | 1.76 | 6.13% | 1.98% | 0.99% | 4.66% | 8.49% | 67.62% | Options Chain | 0.15 | 0.55 | 0.02 | 8 | 68 | None | |
| 72 | 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 |