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.
Filter on Price to 52-Week Low
Remove Filter on Dividend Yield >= 2%

Download as spreadsheet Download

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 UNH Unitedhealth Group Inc 304.10 621.24 247.13 23.05% 6/16 Yes 8.51 2.80% 8.07% 3.96% 12.09% 23.95% 35.61% Options Chain 19.65 24.60 0.08 14 69 None
2 TGT Target Corp 104.24 162.93 86.36 20.70% 8/13 Yes 4.48 4.30% 2.70% 1.34% 9.60% 11.54% 49.23% Options Chain 6.58 7.85 0.08 14 66 None
3 OVV Ovintiv Inc 41.94 48.09 29.58 41.78% 6/13 No 1.20 2.86% 0.00% 0.00% 26.58% 3.06% 50.85% Options Chain 2.23 2.65 0.06 10 74 None
4 CVS CVS Health Corp 64.78 72.51 42.57 52.17% 7/22 Yes 2.66 4.11% 0.00% 0.00% 7.39% 7.12% 63.79% Options Chain 3.60 4.03 0.06 15 66 None
5 HAL Halliburton Company 23.08 36.11 18.56 24.35% 6/04 Yes 0.68 2.95% 0.00% 0.00% 39.41% 2.18% 28.57% Options Chain 1.33 1.39 0.06 11 64 None
6 KHC Kraft Heinz Company 27.14 35.08 25.44 6.68% 5/30 Yes 1.60 5.90% 0.00% 0.00% 0.00% -4.69% 73.06% Options Chain 1.60 1.36 0.06 10 66 None
7 DKS Dicks Sporting Goods Inc 209.99 251.46 165.28 27.05% 6/13 Yes 4.62 2.20% 10.23% 4.99% 31.95% 19.87% 33.06% Options Chain 9.90 12.30 0.06 12 71 None
8 QCOM Qualcomm Inc 157.46 206.55 120.08 31.13% 6/05 Yes 3.44 2.18% 6.27% 3.09% 7.26% 17.18% 35.10% Options Chain 7.20 9.05 0.06 13 64 None
9 DG Dollar General Corp 113.14 131.94 65.67 72.29% 7/08 Yes 2.36 2.09% 0.00% 0.00% 13.95% 15.13% 45.21% Options Chain 5.55 6.28 0.06 14 62 None
10 SLB SLB 37.31 49.52 30.85 20.94% 6/04 Yes 1.12 3.00% 3.64% 1.80% 22.88% 3.48% 37.97% Options Chain 1.58 2.05 0.05 11 68 None
11 CVE Cenovus Energy Inc 14.66 20.02 10.13 44.72% 6/13 Yes 0.74 5.05% -1.84% -0.92% 73.89% 0.14% 66.67% Options Chain 0.53 0.80 0.05 14 70 None
12 CF CF Industries Holdings Inc 98.24 104.45 66.95 46.74% 8/15 Yes 2.00 2.04% 0.00% 0.00% 13.62% 30.77% 26.04% Options Chain 4.45 5.25 0.05 13 68 None
13 MGA Magna International Inc 41.96 45.98 29.99 39.91% 5/16 Yes 1.92 4.58% 2.11% 1.05% 3.05% 9.20% 47.17% Options Chain 1.63 2.15 0.05 15 59 None
14 MRK Merck & Co Inc 83.36 125.69 72.58 14.85% 6/16 Yes 3.20 3.84% 3.85% 1.90% 5.25% 9.17% 45.20% Options Chain 2.82 4.10 0.05 15 73 None
15 NTES NetEase Inc 128.28 135.32 74.17 72.95% 5/30 Yes 2.77 2.16% 10.44% 5.09% 34.50% 17.39% 39.45% Options Chain 4.90 6.15 0.05 21 30
Dividend Stock List
16 CVX Chevron Corp 155.31 166.93 130.45 19.06% 5/19 Yes 6.68 4.30% 4.91% 2.42% 6.53% 6.15% 76.43% Options Chain 6.28 7.40 0.05 12 75 None
17 COP Conoco Phillips 95.61 115.03 79.21 20.70% 5/19 Yes 3.12 3.26% 0.00% 0.00% 12.47% 5.93% 40.05% Options Chain 4.55 4.10 0.05 12 76 None
18 CTRA Coterra Energy Inc 25.28 29.56 21.75 16.23% 5/15 Yes 0.86 3.40% 4.76% 2.35% 9.15% 13.36% 50.29% Options Chain 1.18 0.90 0.05 12 70 None
19 GSK GSK Plc 38.28 43.19 31.01 23.44% 5/16 Yes 1.61 4.21% 11.56% 5.62% -10.80% 0.33% 77.88% Options Chain 1.60 1.78 0.05 12 53 None
20 PM Philip Morris International Inc 179.91 185.29 100.88 78.34% 6/27 Yes 5.40 3.00% 1.89% 0.94% 2.46% 5.91% 85.04% Options Chain 8.35 6.85 0.05 10 68 None
21 BKR Baker Hughes Co - Class A 40.70 48.85 31.72 28.31% 5/06 Yes 0.88 2.16% 9.52% 4.65% 6.32% 2.60% 30.03% Options Chain 1.48 1.78 0.04 12 66 None
22 PCAR Paccar Inc 97.21 115.03 84.36 15.23% 8/14 Yes 3.96 4.07% 12.82% 6.22% 10.25% 9.67% 60.09% Options Chain 4.15 3.65 0.04 13 71 None
23 FHN First Horizon Corporation 21.86 22.22 13.88 57.49% 6/13 Yes 0.60 2.74% 0.00% 0.00% 0.00% 4.06% 41.67% Options Chain 0.88 0.93 0.04 15 68 None
24 EOG EOG Resources Inc 123.04 136.61 101.59 21.11% 10/17 Yes 3.77 3.06% 8.38% 9.34% 25.07% 15.56% 34.91% Options Chain 5.05 5.20 0.04 15 77
Dividend Stock List
25 SU Suncor Energy Inc 40.10 41.48 30.44 31.73% 6/04 Yes 2.25 5.62% 3.40% 1.69% 21.39% 13.58% 63.88% Options Chain 1.53 1.68 0.04 15 75 None
26 USB U.S. Bancorp. 47.14 52.21 34.80 35.46% 6/30 Yes 2.00 4.24% 1.01% 0.50% 3.25% 8.90% 49.50% Options Chain 1.39 1.97 0.04 15 66 None
27 EQNR Equinor ASA 27.10 28.27 20.70 30.92% 8/19 Yes 1.42 5.24% 9.63% 4.70% 27.50% 4.58% 44.51% Options Chain 1.13 0.93 0.04 13 65 None
28 FDX Fedex Corp 236.06 307.10 193.05 22.28% 6/23 No 5.59 2.37% 7.41% 3.64% 18.92% 16.72% 33.23% Options Chain 7.80 9.78 0.04 12 63 None
29 CHRW C.H. Robinson Worldwide Inc 99.40 113.35 83.91 18.46% 6/06 Yes 2.48 2.49% 0.81% 0.41% 4.50% 15.17% 58.77% Options Chain 3.80 4.10 0.04 14 53 None
30 TSN Tyson Foods Inc - Class A 54.22 65.23 53.09 2.13% 8/29 Yes 1.99 3.67% 1.52% 0.76% 2.74% 17.72% 77.43% Options Chain 1.65 2.20 0.04 13 63 None
31 CSCO Cisco Systems Inc 67.95 69.47 43.31 56.89% 7/03 Yes 1.62 2.38% 3.14% 1.56% 2.77% 11.09% 65.59% Options Chain 2.62 2.75 0.04 10 67 None
32 EQR Equity Residential Properties Trust 66.79 76.06 58.81 13.57% 6/24 Yes 2.73 4.09% 4.53% 2.24% 3.54% 3.41% 104.39% Options Chain 1.50 2.68 0.04 11 62 None
33 NTRS Northern Trust Corp 125.91 133.00 78.41 60.58% 6/06 Yes 3.00 2.38% 0.00% 0.00% 1.74% 9.67% 28.01% Options Chain 5.05 3.70 0.04 20 70 None
34 AMGN AMGEN Inc 295.27 336.01 249.07 18.55% 5/16 Yes 9.26 3.14% 5.78% 2.85% 7.84% 16.50% 84.41% Options Chain 11.83 11.58 0.04 11 70 None
35 CMCSA Comcast Corp - Class A 34.99 44.12 31.15 12.33% 7/02 Yes 1.28 3.66% 8.20% 4.02% 7.73% 29.38% 31.84% Options Chain 1.37 1.24 0.04 12 63 None
36 CNQ Canadian Natural Resources Ltd 32.10 36.49 24.34 31.88% 6/13 Yes 2.26 7.05% 9.94% 4.85% 23.85% 23.68% 86.69% Options Chain 0.90 1.25 0.04 13 72 None
37 T AT&T Inc 26.97 28.90 17.32 55.72% 7/10 Yes 1.11 4.12% 0.00% 0.00% -14.53% 1.99% 68.10% Options Chain 1.05 1.01 0.04 10 66 None
38 ARE Alexandria Real Estate Equities Inc 79.55 123.00 66.16 20.24% 6/30 Yes 5.26 6.61% 1.73% 0.86% 4.19% 3.89% 692.11% Options Chain 3.05 3.05 0.04 14 67 None
39 OMC Omnicom Group Inc 72.75 104.25 68.37 6.41% 6/10 Yes 2.80 3.85% 0.00% 0.00% 0.00% 10.60% 38.25% Options Chain 2.20 2.78 0.04 14 70 None
40 GILD Gilead Sciences Inc 109.64 118.28 67.73 61.88% 6/13 Yes 3.12 2.85% 2.60% 1.29% 2.71% 6.65% 65.55% Options Chain 4.18 4.03 0.04 12 72 None
41 CL Colgate-Palmolive Company 89.58 107.54 84.85 5.57% 7/18 Yes 2.02 2.25% 5.05% 2.49% 3.83% 8.64% 57.55% Options Chain 3.13 3.40 0.04 13 63 None
42 MCD McDonald`s Corp 299.91 324.48 240.46 24.72% 6/02 Yes 6.98 2.33% 4.42% 2.19% 7.76% 17.86% 61.55% Options Chain 9.10 11.23 0.04 9 66 None
43 CFG Citizens Financial Group Inc 47.67 48.28 32.24 47.86% 4/30 Yes 1.68 3.52% 0.00% 0.00% 1.87% 17.29% 53.33% Options Chain 1.73 1.75 0.04 16 79 None
44 RF Regions Financial Corp 24.69 27.09 17.53 40.84% 6/02 Yes 1.00 4.05% 2.04% 1.02% 11.37% -1.71% 48.31% Options Chain 0.68 0.90 0.04 13 69 None
45 PLD Prologis Inc 109.17 128.08 84.54 29.13% 6/17 Yes 3.94 3.61% 5.21% 2.57% 12.52% 4.21% 98.25% Options Chain 3.50 3.95 0.04 12 69 None
46 REG Regency Centers Corporation 69.34 76.68 61.44 12.86% 6/11 Yes 2.79 4.02% 3.87% 1.92% 4.01% 2.29% 131.99% Options Chain 2.10 2.40 0.03 12 69 None
47 MDT Medtronic Plc 89.92 94.71 74.22 21.15% 6/27 No 2.81 3.12% 1.79% 0.89% 3.55% 16.48% 77.41% Options Chain 3.11 2.32 0.03 12 63 None
48 CLX Clorox Company 126.54 168.60 117.35 7.83% 4/23 Yes 4.88 3.86% 0.83% 0.41% 1.82% 8.97% 87.61% Options Chain 3.03 4.30 0.03 15 55 None
49 BXP Boston Properties Inc 70.77 86.38 53.45 32.40% 6/30 Yes 3.92 5.54% 0.00% 0.00% 0.00% 3.36% -13,066.67% Options Chain 1.88 2.38 0.03 7 59 None
50 XOM Exxon Mobil Corp 115.43 123.07 96.91 19.11% 5/15 Yes 3.92 3.40% 3.13% 1.55% 3.21% 5.80% 51.99% Options Chain 3.83 3.60 0.03 12 76 None
51 MO Altria Group Inc 57.80 60.88 43.76 32.08% 6/16 Yes 4.08 7.06% 2.00% 1.00% 3.76% 8.12% 68.46% Options Chain 1.91 1.58 0.03 12 68 None
52 BDX Becton Dickinson & Company 175.97 249.34 162.35 8.39% 6/09 Yes 4.07 2.31% 6.94% 3.41% 5.48% 10.58% 78.88% Options Chain 5.00 5.80 0.03 12 62 None
53 OKE Oneok Inc 81.34 115.36 74.38 9.36% 5/05 Yes 4.04 4.97% 4.04% 2.00% 2.45% 7.04% 78.91% Options Chain 1.28 2.68 0.03 13 74 None
54 VZ Verizon Communications Inc 41.62 45.87 36.24 14.85% 7/10 Yes 2.71 6.51% 1.40% 0.70% 1.81% 2.99% 64.52% Options Chain 1.35 1.37 0.03 14 65 None
55 FITB Fifth Third Bancorp 43.76 47.75 31.96 36.92% 6/30 Yes 1.48 3.38% 2.78% 1.38% 6.74% 8.29% 46.98% Options Chain 1.35 1.43 0.03 10 73 None
56 QSR Restaurant Brands International Inc 67.34 72.44 58.16 15.78% 6/24 Yes 2.40 3.56% 6.90% 3.39% 4.00% 23.10% 81.36% Options Chain 2.15 2.03 0.03 9 68 None
57 MDLZ Mondelez International Inc - Class A 67.18 73.94 53.20 26.28% 6/30 Yes 1.88 2.80% 5.03% 2.48% 9.04% 5.42% 71.48% Options Chain 2.13 1.90 0.03 9 68 None
58 MET Metlife Inc 77.70 87.83 64.73 20.04% 8/05 Yes 2.20 2.83% 5.34% 2.63% 4.55% 7.13% 36.65% Options Chain 2.45 2.45 0.03 20 73 None
59 OHI Omega Healthcare Investors Inc 37.54 42.14 32.28 16.29% 5/05 Yes 2.68 7.14% 0.00% 0.00% 0.00% 1.02% 166.46% Options Chain 1.18 1.10 0.03 13 71 None
60 SYY Sysco Corp 76.84 80.56 66.65 15.29% 7/03 Yes 2.07 2.69% 6.93% 3.41% 4.09% 15.53% 53.49% Options Chain 1.78 2.35 0.03 14 63 None
61 UNP Union Pacific Corp 235.10 253.90 203.43 15.57% 5/30 Yes 5.36 2.28% 1.52% 0.75% 5.72% 8.43% 48.33% Options Chain 7.15 6.90 0.03 11 63 None
62 VTR Ventas Inc 64.77 70.82 50.93 27.17% 6/30 Yes 1.86 2.87% 6.67% 3.28% 1.63% 2.96% 563.64% Options Chain 1.95 1.85 0.03 8 62 None
63 AMT American Tower Corp 219.24 235.86 169.77 29.14% 6/13 Yes 6.64 3.03% 4.94% 2.44% 6.89% 17.88% 107.27% Options Chain 6.50 6.55 0.03 11 61 None
64 CNI Canadian National Railway Company 105.20 121.10 91.08 15.50% 6/09 Yes 3.46 3.29% 5.03% 2.48% 9.60% 15.33% 66.25% Options Chain 1.45 2.83 0.03 12 67 None
65 DRI Darden Restaurants Inc 209.34 228.27 134.96 55.11% 7/10 No 5.70 2.72% 10.70% 5.21% 14.84% 13.99% 64.70% Options Chain 5.60 5.40 0.03 13 69 None
66 GIS General Mills Inc 51.58 73.73 49.86 3.45% 7/10 No 2.41 4.67% 2.52% 1.25% 4.58% 7.59% 58.78% Options Chain 1.33 0.88 0.03 11 63 None
67 CCI Crown Castle Inc 102.76 115.80 81.93 25.42% 6/13 Yes 5.76 5.60% -32.11% -17.60% -6.07% 12.84% -63.41% Options Chain 2.50 2.60 0.03 4 55 None
68 TROW T. Rowe Price Group Inc 101.47 121.15 76.80 32.12% 6/13 Yes 5.02 4.95% 2.42% 1.20% 4.13% 17.19% 56.98% Options Chain 1.90 2.45 0.02 20 62
Dividend Stock List
69 O Realty Income Corp 57.16 62.20 50.00 14.32% 8/01 Yes 3.19 5.58% 5.52% 2.73% 3.61% 3.03% 289.73% Options Chain 0.95 1.38 0.02 11 61 None
70 SPG Simon Property Group Inc 161.75 185.37 134.57 20.20% 6/09 Yes 8.35 5.16% 3.70% 1.84% 9.47% 5.13% 133.17% Options Chain 3.70 3.90 0.02 9 71 None
71 PG Procter & Gamble Company 157.05 178.84 155.17 1.21% 7/18 Yes 4.08 2.60% 6.74% 3.32% 5.59% 8.68% 64.70% Options Chain 3.34 3.73 0.02 11 72 None
72 HBAN Huntington Bancshares Inc 17.39 17.91 11.80 47.37% 6/17 Yes 0.62 3.57% 0.00% 0.00% 0.61% 3.90% 47.69% Options Chain 0.30 0.40 0.02 12 66 None
73 WY Weyerhaeuser Company 26.31 33.31 23.91 10.04% 5/30 Yes 0.82 3.12% 5.00% 2.47% -8.15% 2.22% 167.35% Options Chain 0.60 0.35 0.02 9 52 None
74 JNJ Johnson & Johnson 156.90 168.55 138.38 13.38% 5/27 Yes 5.02 3.20% 5.91% 2.91% 5.55% 13.03% 55.65% Options Chain 2.90 3.52 0.02 16 73 None
75 NLY Annaly Capital Management Inc 19.72 20.59 16.00 23.25% 6/30 Yes 2.70 13.69% 7.69% 3.77% -5.56% -0.43% 293.48% Options Chain 0.42 0.25 0.02 10 64 None
76 GLPI Gaming and Leisure Properties Inc 47.80 50.60 43.74 9.28% 6/13 Yes 3.06 6.40% 2.63% 1.31% 4.07% 3.87% 108.13% Options Chain 1.00 0.02 12 73 None
77 MPLX MPLX LP 50.66 53.81 37.10 36.55% 5/09 Yes 3.72 7.34% 9.11% 4.46% 8.43% 11.76% 85.90% Options Chain 1.03 0.02 12 72 None
78 UL Unilever plc 60.79 65.11 53.42 13.80% 5/16 Yes 1.94 3.19% 11.45% 5.57% 0.61% 3.75% 72.13% Options Chain 1.00 1.23 0.02 11 64 None
79 TTE TotalEnergies SE 63.01 66.80 51.01 23.52% 9/30 Yes 3.54 5.62% 2.08% 1.03% 2.58% 1.07% 59.31% Options Chain 0.83 1.23 0.02 13 62 None
80 PAYX Paychex Inc 143.29 161.24 115.27 24.31% 7/21 No 4.02 2.81% 12.79% 6.20% 13.53% 24.65% 87.77% Options Chain 2.50 2.20 0.02 12 62 None
81 CM Canadian Imperial Bank Of Commerce 73.07 73.52 45.53 60.49% 6/27 No 3.81 5.21% 5.72% 2.82% 6.69% 5.18% 65.35% Options Chain 0.73 1.13 0.02 14 75 None
82 DOC Healthpeak OP LLC 18.45 22.31 16.54 11.55% 9/19 Yes 3.01 16.31% 0.00% 0.00% 0.00% 0.00% 734.15% Options Chain 0.10 0.28 0.02 13 48 None
83 TD Toronto Dominion Bank 73.60 74.35 49.39 49.02% 7/10 No 4.17 5.67% 2.94% 1.46% 7.37% 9.74% 59.15% Options Chain 0.90 0.98 0.01 14 80 None
84 RY Royal Bank Of Canada 131.76 133.84 100.29 31.38% 7/24 No 5.80 4.40% 10.00% 4.88% 9.28% 8.38% 63.11% Options Chain 0.98 1.55 0.01 12 73 None
85 WPC W. P. Carey Inc 62.84 64.23 51.06 23.07% 6/30 Yes 3.54 5.64% 3.15% 1.56% -3.81% 2.92% 182.73% Options Chain 0.68 0.38 0.01 9 60 None
86 KIM Kimco Realty Corporation 21.48 24.97 17.71 21.29% 6/06 Yes 0.99 4.61% 3.09% 1.53% 10.12% 3.55% 130.26% Options Chain 0.20 0.20 0.01 11 67 None
87 VICI VICI Properties Inc 33.42 33.79 27.24 22.69% 6/18 Yes 1.73 5.18% 2.06% 1.03% 5.81% 9.24% 69.20% Options Chain 0.15 0.30 0.01 11 78 None
88 K Kellanova Company 79.44 82.65 54.42 45.98% 6/02 Yes 2.28 2.87% 0.88% 0.44% -0.33% 5.91% 57.58% Options Chain 0.38 0.25 0.00 14 60 None
89 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 14 52 None
90 RPRX Royalty Pharma plc - Class A 35.84 36.56 23.73 51.03% 5/16 No 0.86 2.40% 4.76% 2.35% 0.00% 7.30% 35.10% Options Chain 12 62 None
91 RCI Rogers Communications Inc - Class B 33.46 39.99 22.86 46.37% 6/09 No 2.00 5.98% 0.00% 0.00% 0.00% 29.97% 84.39% Options Chain 15 66 None