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.



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 TGT Target Corp 89.00 154.82 85.36 4.26% 11/12 Yes 4.50 5.15% 1.80% 1.82% 9.36% 11.28% 52.45% Options Chain 5.80 7.55 0.08 13 66 None
2 NTR Nutrien Ltd 58.74 63.87 41.95 40.02% 9/29 Yes 2.17 3.63% 0.93% 0.46% 4.33% 10.19% 78.24% Options Chain 3.53 4.35 0.07 13 64 None
3 HAL Halliburton Company 22.37 31.66 18.43 21.38% 9/03 Yes 0.68 3.10% 0.00% 0.00% 39.41% 2.18% 31.92% Options Chain 1.33 1.61 0.07 12 64 None
4 DKS Dicks Sporting Goods Inc 229.33 250.14 164.41 39.49% 9/12 Yes 4.74 2.24% 10.23% 4.99% 31.95% 19.87% 33.08% Options Chain 15.50 16.35 0.07 14 72 None
5 BAH Booz Allen Hamilton Holding Corp - Class A 97.55 187.12 95.50 2.15% 8/14 Yes 2.16 2.23% 7.84% 3.85% 10.42% 15.55% 26.54% Options Chain 5.25 6.80 0.07 17 60 None
6 IVZ Invesco Ltd 23.60 24.54 11.33 108.30% 8/14 Yes 0.83 3.69% 3.07% 1.52% 6.01% 2.85% 89.25% Options Chain 1.10 1.63 0.07 14 64 None
7 UNH Unitedhealth Group Inc 359.99 617.34 233.13 54.42% 9/15 Yes 8.62 2.40% 8.07% 3.96% 12.09% 23.95% 37.30% Options Chain 20.35 24.70 0.07 12 66 None
8 CF CF Industries Holdings Inc 86.82 103.84 66.56 30.44% 11/14 Yes 2.00 2.29% 0.00% 11.80% 13.62% 28.93% 26.21% Options Chain 5.80 5.50 0.07 13 69 None
9 CG Carlyle Group Inc (The) 59.53 69.85 32.60 82.61% 8/18 Yes 1.40 2.49% 0.00% 0.00% 8.78% 0.47% 40.94% Options Chain 3.85 3.65 0.06 15 68 None
10 HPQ HP Inc 28.41 38.25 20.76 36.85% 9/10 Yes 1.16 4.53% 3.71% 1.84% 8.63% 10.23% 42.09% Options Chain 1.59 1.82 0.06 13 52 None
11 OC Owens Corning 128.26 211.60 122.80 4.45% 10/20 Yes 2.67 2.11% 15.00% 15.19% 27.63% 15.74% 32.68% Options Chain 6.15 7.85 0.06 13 73 None
12 QCOM Qualcomm Inc 161.75 178.09 119.40 35.47% 9/04 Yes 3.48 2.15% 6.27% 3.09% 7.26% 17.18% 33.62% Options Chain 7.25 9.83 0.06 15 64 None
13 SLB SLB 32.61 43.66 30.61 6.53% 9/03 Yes 1.13 3.50% 3.64% 1.80% 22.88% 3.48% 38.70% Options Chain 1.79 1.95 0.06 12 69 None
14 FDX Fedex Corp 234.67 301.45 191.82 22.34% 9/08 No 5.66 2.52% 7.41% 3.64% 18.92% 16.72% 33.20% Options Chain 10.95 13.38 0.06 14 65 None
15 STZ Constellation Brands Inc - Class A 141.53 241.11 131.20 7.87% 10/30 No 4.06 2.87% 3.83% 8.30% 7.66% 11.65% 59.10% Options Chain 6.60 8.05 0.06 7 68 None
16 DG Dollar General Corp 103.34 117.24 65.27 58.33% 10/07 No 2.36 2.38% 0.00% -5.09% 13.95% 13.12% 43.70% Options Chain 4.53 5.85 0.06 14 62 None
17 ACN Accenture plc - Class A 244.23 391.86 227.92 7.16% 10/10 No 6.07 2.53% 13.46% 14.25% 13.87% 13.10% 50.00% Options Chain 11.80 13.45 0.06 16 68 None
18 PCAR Paccar Inc 95.51 114.66 84.08 13.59% 11/12 Yes 3.99 4.28% 12.82% 12.66% 10.25% 9.75% 68.44% Options Chain 4.50 5.15 0.05 12 70 None
19 MGA Magna International Inc 44.71 49.80 29.66 50.74% 8/15 Yes 1.93 4.43% 2.11% 1.05% 3.05% 9.20% 45.31% Options Chain 2.40 2.30 0.05 15 60 None
20 OXY Occidental Petroleum Corp 42.34 52.36 34.41 23.05% 9/10 Yes 0.94 2.22% 9.09% 4.45% 121.34% -0.92% 55.29% Options Chain 1.91 2.25 0.05 7 63 None
21 UNM Unum Group 76.61 83.55 60.36 26.92% 10/24 Yes 1.72 2.28% 12.10% 12.52% 10.75% 5.89% 20.62% Options Chain 3.10 4.00 0.05 15 70 None
22 OMC Omnicom Group Inc 78.55 103.30 67.75 15.94% 9/02 Yes 2.80 3.66% 0.00% 0.00% 0.00% 10.60% 40.06% Options Chain 4.10 3.40 0.05 15 71 None
23 CTRA Coterra Energy Inc 23.10 29.29 21.84 5.77% 8/14 Yes 0.87 3.82% 4.76% 2.35% 9.15% 13.36% 41.63% Options Chain 1.20 0.68 0.05 15 70 None
24 GILD Gilead Sciences Inc 119.00 120.99 82.35 44.51% 9/15 Yes 3.14 2.68% 2.60% 1.29% 2.71% 6.65% 62.30% Options Chain 6.18 6.00 0.05 11 72 None
25 KDP Keurig Dr Pepper Inc 26.80 36.17 25.03 7.07% 9/26 Yes 0.92 3.56% 5.14% 6.25% 8.05% 0.16% 81.42% Options Chain 1.18 1.38 0.05 10 61 None
26 MRK Merck & Co Inc 85.00 107.60 71.87 18.27% 9/15 Yes 3.24 3.77% 3.85% 1.90% 5.25% 9.17% 49.92% Options Chain 3.93 4.33 0.05 14 73 None
27 CVS CVS Health Corp 79.30 79.67 42.12 88.27% 10/23 Yes 2.66 3.41% 0.00% 4.84% 7.39% 6.93% 74.09% Options Chain 3.88 4.03 0.05 11 64 None
28 CFG Citizens Financial Group Inc 52.25 55.24 31.96 63.49% 7/31 Yes 1.68 3.41% 0.00% 0.00% 1.87% 17.29% 51.22% Options Chain 1.75 2.65 0.05 14 82 None
29 CSCO Cisco Systems Inc 68.80 72.11 51.49 33.62% 10/03 Yes 1.63 2.40% 2.52% 2.55% 2.62% 10.35% 63.92% Options Chain 3.02 3.43 0.05 11 66 None
30 CNQ Canadian Natural Resources Ltd 31.10 34.20 24.01 29.53% 9/19 Yes 2.33 7.40% 9.94% 4.85% 23.85% 23.68% 82.45% Options Chain 1.53 1.18 0.05 13 70 None
31 FHN First Horizon Corporation 22.98 23.63 14.98 53.40% 9/12 Yes 0.60 2.70% 0.00% 0.00% 0.00% 4.06% 38.71% Options Chain 1.08 1.13 0.05 16 68 None
32 OKE Oneok Inc 70.10 113.92 69.08 1.48% 8/01 Yes 4.08 5.86% 4.04% 2.00% 2.45% 7.04% 79.53% Options Chain 2.50 3.35 0.05 14 75 None
33 MPC Marathon Petroleum Corp 179.74 201.61 113.82 57.92% 8/20 Yes 3.64 2.01% 7.53% 3.70% 11.92% 15.51% 52.98% Options Chain 7.65 8.55 0.05 10 68 None
34 FITB Fifth Third Bancorp 43.75 47.33 31.68 38.10% 9/30 Yes 1.51 3.64% 11.11% 5.41% 8.84% 8.29% 47.04% Options Chain 1.53 2.05 0.05 12 72 None
35 COP Conoco Phillips 88.73 112.56 78.56 12.95% 8/18 Yes 3.12 3.56% 0.00% 0.00% 12.47% 5.93% 41.82% Options Chain 4.13 4.08 0.05 11 76 None
36 USB U.S. Bancorp. 47.09 51.66 34.43 36.77% 9/30 Yes 2.02 4.38% 5.05% 2.49% 4.26% 8.90% 48.33% Options Chain 2.00 2.19 0.05 15 65 None
37 EOG EOG Resources Inc 109.96 135.49 100.76 9.13% 10/17 Yes 3.83 3.55% 8.38% 9.34% 25.07% 15.56% 37.20% Options Chain 4.15 5.10 0.05 15 77 None
38 CMCSA Comcast Corp - Class A 30.00 43.66 29.39 2.08% 10/01 Yes 1.30 4.41% 6.56% 6.79% 7.32% 28.34% 21.56% Options Chain 1.39 1.27 0.05 15 65 None
39 CLX Clorox Company 119.45 166.90 116.17 2.82% 10/22 Yes 4.90 4.08% 1.65% 1.67% 2.03% 8.78% 75.15% Options Chain 4.45 5.45 0.05 15 58 None
40 HD Home Depot Inc 388.40 429.19 322.47 20.45% 9/04 Yes 9.15 2.44% 2.22% 1.11% 8.66% 28.30% 62.29% Options Chain 13.48 17.30 0.04 9 65 None
41 SU Suncor Energy Inc 39.40 43.48 30.13 30.77% 9/04 Yes 2.28 5.70% 3.40% 1.69% 21.39% 13.58% 70.15% Options Chain 1.30 1.70 0.04 12 73 None
42 YUMC Yum China Holdings Inc 43.38 53.40 40.55 6.98% 9/02 Yes 0.88 2.04% 50.00% 22.47% 18.92% 8.79% 36.36% Options Chain 1.18 1.85 0.04 17 56 None
43 EQNR Equinor ASA 23.25 27.84 20.38 14.08% 11/14 Yes 1.44 6.20% 8.15% 15.21% 27.07% 4.93% 47.68% Options Chain 0.90 0.98 0.04 12 63 None
44 AMGN AMGEN Inc 293.97 330.26 247.06 18.99% 8/22 Yes 9.39 3.21% 5.78% 2.85% 7.84% 16.50% 76.72% Options Chain 10.73 12.33 0.04 12 71 None
45 PM Philip Morris International Inc 158.71 183.57 113.18 40.23% 10/03 Yes 5.52 3.46% 10.94% 5.33% 4.66% 5.91% 81.66% Options Chain 6.55 6.65 0.04 9 71 None
46 UNP Union Pacific Corp 227.08 252.32 202.16 12.33% 8/29 Yes 5.40 2.39% 4.55% 2.25% 6.51% 8.43% 46.92% Options Chain 6.70 9.45 0.04 13 64 None
47 CVE Cenovus Energy Inc 17.29 18.61 10.04 72.21% 9/15 Yes 0.76 4.39% -1.84% -0.92% 73.89% 0.14% 73.79% Options Chain 0.58 0.68 0.04 13 64 None
48 XOM Exxon Mobil Corp 112.50 119.89 96.01 17.18% 8/15 Yes 3.96 3.53% 3.13% 1.55% 3.21% 5.80% 56.25% Options Chain 4.40 4.33 0.04 11 75 None
49 NTRS Northern Trust Corp 129.02 135.48 80.54 60.19% 9/05 Yes 3.05 2.45% 6.67% 3.28% 3.39% 9.67% 35.80% Options Chain 4.80 4.95 0.04 18 70 None
50 CL Colgate-Palmolive Company 78.50 100.36 76.67 2.39% 10/17 Yes 2.04 2.62% 4.04% 3.85% 3.57% 8.52% 57.30% Options Chain 2.85 2.98 0.04 12 57 None
51 DRI Darden Restaurants Inc 187.10 224.86 152.37 22.79% 10/10 No 5.80 3.20% 7.01% 7.28% 13.87% 13.54% 62.17% Options Chain 4.80 7.05 0.04 14 70 None
52 HON Honeywell International Inc 208.76 240.47 177.52 17.60% 11/14 Yes 4.52 2.25% 4.81% 4.80% 4.99% 6.13% 51.36% Options Chain 6.45 7.75 0.04 13 68 None
53 SYY Sysco Corp 78.67 83.12 66.22 18.80% 10/03 Yes 2.10 2.68% 3.96% 2.99% 3.36% 15.19% 56.30% Options Chain 2.73 2.90 0.04 10 64 None
54 VZ Verizon Communications Inc 40.56 45.09 35.79 13.33% 10/10 Yes 2.72 6.85% 1.87% 1.89% 1.93% 2.96% 63.31% Options Chain 1.05 1.44 0.04 15 65 None
55 HBAN Huntington Bancshares Inc 16.35 17.93 11.69 39.86% 9/17 Yes 0.62 3.97% 0.00% 0.00% 0.61% 3.90% 46.27% Options Chain 0.50 0.58 0.04 12 66 None
56 MET Metlife Inc 82.94 87.16 64.24 29.11% 11/04 Yes 2.23 2.79% 4.29% 4.45% 4.29% 6.89% 37.78% Options Chain 2.90 2.38 0.03 18 71 None
57 MDT Medtronic Plc 96.44 99.37 76.99 25.26% 9/26 Yes 2.82 2.95% 1.79% 0.89% 3.55% 16.48% 77.90% Options Chain 3.29 3.15 0.03 15 68 None
58 T AT&T Inc 26.15 29.47 20.14 29.84% 10/10 Yes 1.11 4.34% 0.00% 0.00% -14.53% 1.94% 63.43% Options Chain 0.61 0.88 0.03 11 66 None
59 PG Procter & Gamble Company 149.49 177.63 146.97 1.71% 7/18 Yes 4.13 2.80% 6.74% 3.32% 5.59% 8.68% 63.39% Options Chain 3.73 4.95 0.03 11 64 None
60 MO Altria Group Inc 65.50 67.71 45.54 43.83% 9/15 Yes 4.12 6.19% 6.00% 2.96% 4.76% 8.12% 79.69% Options Chain 1.88 2.13 0.03 11 66 None
61 TROW T. Rowe Price Group Inc 105.50 119.69 75.88 39.04% 9/15 Yes 5.05 4.79% 2.42% 1.20% 4.13% 17.19% 56.55% Options Chain 2.58 3.40 0.03 21 61
Dividend Stock List
62 MCD McDonald`s Corp 304.11 322.66 271.86 11.86% 9/02 Yes 7.08 2.38% 4.42% 2.19% 7.76% 17.86% 60.67% Options Chain 9.03 8.18 0.03 11 65 None
63 RF Regions Financial Corp 25.49 27.61 17.36 46.83% 9/02 Yes 1.01 4.13% 8.16% 4.00% 13.01% -1.71% 47.43% Options Chain 0.65 0.75 0.03 14 69 None
64 MFC Manulife Financial Corp 32.34 32.63 25.39 27.37% 8/20 Yes 1.72 5.43% 10.00% 4.88% 10.75% 10.90% 77.48% Options Chain 0.70 0.95 0.03 17 71 None
65 CVX Chevron Corp 152.45 165.09 129.01 18.17% 8/19 Yes 6.76 4.54% 4.91% 2.42% 6.53% 6.15% 87.00% Options Chain 3.70 4.43 0.03 11 76 None
66 JNJ Johnson & Johnson 191.10 192.10 137.37 39.11% 8/26 Yes 5.08 2.66% 5.91% 2.91% 5.55% 13.03% 54.33% Options Chain 5.48 3.78 0.03 11 75 None
67 CNI Canadian National Railway Company 95.85 113.95 90.48 5.94% 9/08 Yes 3.51 3.71% 5.03% 2.48% 9.60% 15.33% 67.58% Options Chain 1.63 2.73 0.03 12 68 None
68 MKC McCormick & Co. Inc (Non Voting) 65.55 85.22 63.66 2.97% 10/14 No 1.80 2.70% 5.26% 2.60% 6.68% 11.16% 62.50% Options Chain 0.78 1.80 0.03 10 62 None
69 TFC Truist Financial Corporation 43.93 47.46 32.72 34.26% 8/08 Yes 2.08 4.84% 0.00% 0.00% 2.83% 7.27% 56.37% Options Chain 1.11 1.20 0.03 18 72 None
70 TD Toronto Dominion Bank 79.39 81.30 48.91 62.32% 10/10 No 4.20 5.33% 2.94% 4.58% 7.37% 9.53% 50.18% Options Chain 1.50 2.00 0.03 14 77 None
71 GIS General Mills Inc 48.63 69.35 47.69 1.97% 10/10 No 2.42 4.90% 1.68% 3.48% 4.36% 7.44% 45.75% Options Chain 1.13 1.10 0.02 13 63 None
72 RY Royal Bank Of Canada 144.75 149.26 104.30 38.78% 10/27 No 5.92 4.09% 7.86% 6.35% 8.74% 8.37% 62.51% Options Chain 3.25 3.08 0.02 12 73 None
73 UL Unilever plc 61.17 65.01 52.97 15.48% 8/15 Yes 1.99 3.30% 11.97% 5.82% 0.73% 3.75% 76.07% Options Chain 0.98 1.35 0.02 9 64 None
74 TTE TotalEnergies SE 58.60 63.88 50.30 16.50% 9/30 Yes 3.67 6.38% 20.91% 9.96% 7.01% 1.07% 66.53% Options Chain 1.03 1.25 0.02 12 72 None
75 ORI Old Republic International Corp 43.63 44.00 31.50 38.51% 9/05 No 2.87 6.69% 9.43% 4.61% 7.15% 7.86% 81.53% Options Chain 0.88 0.02 18 65 None
76 CM Canadian Imperial Bank Of Commerce 80.43 82.23 52.62 52.85% 9/29 No 3.88 4.86% 5.72% 2.82% 6.69% 5.18% 65.54% Options Chain 1.20 1.43 0.02 14 75 None
77 VICI VICI Properties Inc 31.17 33.54 26.86 16.05% 9/18 Yes 1.75 5.65% 6.19% 3.05% 6.87% 9.24% 66.95% Options Chain 0.33 0.40 0.01 12 79 None
78 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 48 None