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, and have made at least 10 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.
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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 Dividend Payout Ratio Percentage Has Options? ATM Call Premium ATM Put Premium Premium To Stock Price Ratio Liquidity Rating Algorithm Score Lists
1 SIRI Sirius XM Holdings Inc 2.91 5.65 2.43 19.75% 8/09 No 0.11 3.90% 32.24% Options Chain 0.10 0.44 0.15 12 None
2 NOK Nokia Corp 4.34 4.52 2.85 52.28% 7/23 No 0.14 3.30% 73.74% Options Chain 0.11 0.38 0.09 17 None
3 TSM Taiwan Semiconductor Manufacturing 163.70 193.47 83.03 97.16% 9/12 Yes 3.27 2.08% 57.81% Options Chain 9.25 11.65 0.07 22
Dividend Stock List
4 DG Dollar General Corp 80.41 166.69 77.96 3.14% 10/08 No 2.95 3.67% 45.88% Options Chain 4.25 5.65 0.07 12 None
5 FDX Fedex Corp 285.31 313.84 221.30 28.92% 9/09 Yes 6.54 2.29% 38.02% Options Chain 14.23 18.05 0.06 13 None
6 NTES NetEase Inc 78.46 115.94 77.14 1.71% 9/06 No 3.03 3.91% 47.56% Options Chain 2.63 4.93 0.06 21
Dividend Stock List
7 NXPI NXP Semiconductors NV 236.46 296.08 165.13 43.20% 9/12 No 5.07 2.24% 46.94% Options Chain 14.50 14.85 0.06 13 None
8 USB U.S. Bancorp. 45.54 47.31 29.42 54.79% 6/28 Yes 1.95 4.38% 62.30% Options Chain 2.81 2.32 0.06 15 None
9 ADM Archer Daniels Midland Company 59.47 78.40 49.42 20.34% 8/21 No 1.95 3.28% 38.84% Options Chain 3.35 2.08 0.06 12 None
10 DKS Dicks Sporting Goods Inc 214.83 239.30 99.26 116.43% 9/20 No 5.30 2.47% 39.97% Options Chain 10.35 12.10 0.06 14 None
11 SCCO Southern Copper Corporation 96.66 128.29 66.70 44.92% 8/09 No 2.37 2.52% 67.57% Options Chain 4.75 5.15 0.05 12 None
12 HAL Halliburton Company 29.07 42.98 28.43 2.25% 9/04 Yes 0.67 2.34% 22.26% Options Chain 1.12 1.50 0.05 16 None
13 BBY Best Buy Co. Inc 98.50 103.71 60.17 63.70% 9/19 No 4.66 4.73% 80.48% Options Chain 3.98 4.93 0.05 15 None
14 SBUX Starbucks Corp 91.56 105.57 70.83 29.27% 8/16 No 2.28 2.50% 63.87% Options Chain 3.28 4.50 0.05 12 None
15 VLO Valero Energy Corp 135.52 182.31 116.43 16.40% 8/01 Yes 4.23 3.15% 24.27% Options Chain 6.53 6.65 0.05 13 None
16 WFC Wells Fargo & Company 56.86 62.08 37.28 52.52% 8/09 Yes 1.45 2.69% 29.84% Options Chain 1.97 2.77 0.05 19 None
17 HPE Hewlett Packard Enterprise Company 17.64 22.82 14.27 23.62% 9/19 No 0.64 3.65% 46.72% Options Chain 0.85 0.85 0.05 15 None
18 MGA Magna International Inc 40.50 58.51 37.57 7.80% 8/16 No 1.89 4.79% 54.01% Options Chain 1.55 1.95 0.05 14 None
19 SLF Sun Life Financial Inc 55.13 55.66 42.62 29.35% 8/28 No 3.18 5.82% 81.33% Options Chain 2.60 2.58 0.05 15 None
20 GOLD Barrick Gold Corp 19.46 20.79 13.50 44.15% 8/30 No 0.40 2.11% 46.51% Options Chain 0.91 0.78 0.05 17 None
21 CVE Cenovus Energy Inc 17.17 21.64 14.43 18.99% 9/13 No 0.92 5.33% 50.55% Options Chain 0.65 0.80 0.05 16 None
22 EQH Equitable Holdings Inc 40.53 44.21 24.01 68.80% 8/06 No 0.92 2.27% 36.65% Options Chain 1.88 1.35 0.05 13 None
23 SYF Synchrony Financial 48.67 52.38 26.58 83.11% 8/05 No 1.00 2.11% 13.97% Options Chain 1.93 2.25 0.05 16 None
24 MTB M & T Bank Corp 168.80 175.05 104.65 61.30% 9/03 Yes 5.30 3.18% 39.85% Options Chain 5.10 7.80 0.05 12 None
25 CVS CVS Health Corp 58.07 80.80 52.18 11.29% 7/22 No 2.60 4.48% 46.26% Options Chain 2.16 2.66 0.05 18 None
26 TGT Target Corp 151.90 179.22 99.66 52.42% 8/21 No 4.42 2.92% 45.66% Options Chain 5.35 6.88 0.05 17 None
27 IBM International Business Machines Corp 202.59 205.95 130.68 55.03% 8/09 Yes 6.66 3.32% 73.51% Options Chain 6.25 9.13 0.05 12 None
28 INFY Infosys Ltd 22.90 23.48 15.68 46.05% 5/31 Yes 0.55 2.44% 71.55% Options Chain 0.73 1.03 0.04 14 None
29 DVN Devon Energy Corp 42.08 54.67 39.79 5.76% 9/13 No 2.49 5.92% 45.03% Options Chain 1.87 1.78 0.04 12 None
30 SU Suncor Energy Inc 38.00 41.52 28.51 33.29% 9/04 No 2.18 5.84% 50.58% Options Chain 1.24 1.68 0.04 13 None
31 GFI Gold Fields Ltd 13.59 18.96 10.16 33.76% 9/13 No 0.56 4.19% 78.76% Options Chain 0.48 0.60 0.04 12 None
32 PCAR Paccar Inc 93.25 124.75 77.40 20.48% 8/15 No 4.34 4.65% 46.27% Options Chain 3.00 4.10 0.04 16 None
33 EOG EOG Resources Inc 121.55 137.77 107.46 13.11% 10/17 No 5.96 4.91% 46.53% Options Chain 4.50 5.25 0.04 17
Dividend Stock List
34 HPQ HP Inc 34.40 39.22 24.58 39.95% 9/11 No 1.36 4.04% 47.89% Options Chain 1.23 1.45 0.04 12 None
35 MRK Merck & Co Inc 118.41 134.63 97.23 21.78% 9/16 No 3.81 3.23% 71.08% Options Chain 4.40 4.98 0.04 14 None
36 BAC Bank Of America Corp 38.76 44.15 24.28 59.64% 9/06 Yes 0.98 2.53% 34.39% Options Chain 1.61 1.57 0.04 13 None
37 BKR Baker Hughes Co - Class A 33.94 38.81 27.76 22.26% 8/06 No 0.83 2.45% 42.13% Options Chain 1.35 1.20 0.04 16 None
38 NRG NRG Energy Inc 78.53 87.11 35.62 120.47% 8/01 No 1.60 2.09% 17.54% Options Chain 2.68 3.10 0.04 13 None
39 SLB SLB 41.22 60.68 40.37 2.11% 9/04 No 1.07 2.65% 35.13% Options Chain 1.45 1.62 0.04 14 None
40 CMCSA Comcast Corp - Class A 39.80 46.38 36.13 10.16% 10/02 No 1.51 3.79% 40.16% Options Chain 1.12 1.56 0.04 13 None
41 F Ford Motor Company 10.77 14.62 9.03 19.27% 8/07 Yes 0.78 7.24% 81.25% Options Chain 0.34 0.42 0.04 15 None
42 CTRA Coterra Energy Inc 23.49 28.96 22.79 3.07% 8/15 No 0.83 3.53% 47.98% Options Chain 0.85 0.90 0.04 12 None
43 AIG American International Group Inc 71.91 80.39 56.83 26.54% 9/16 No 1.88 2.61% 35.81% Options Chain 2.65 2.75 0.04 15 None
44 XOM Exxon Mobil Corp 113.17 121.77 93.37 21.21% 8/15 Yes 3.80 3.37% 45.45% Options Chain 4.05 4.13 0.04 12 None
45 RIO Rio Tinto plc 60.39 72.15 55.80 8.23% 8/16 Yes 4.35 7.29% 66.01% Options Chain 2.18 2.15 0.04 15 None
46 PRU Prudential Financial Inc 117.78 127.08 83.90 40.38% 8/20 No 5.15 4.55% 66.37% Options Chain 3.10 4.25 0.04 18 None
47 GPC Genuine Parts Company 137.34 162.12 122.86 11.79% 9/06 Yes 4.90 3.65% 56.78% Options Chain 4.95 4.85 0.04 13 None
48 LOW Lowe`s Cos. Inc 244.11 259.98 179.21 36.21% 10/23 No 5.60 2.30% 46.28% Options Chain 8.65 8.78 0.04 12 None
49 MET Metlife Inc 76.58 78.70 56.06 36.60% 8/06 No 2.13 2.88% 58.04% Options Chain 2.75 2.40 0.04 18 None
50 NTRS Northern Trust Corp 89.75 91.69 60.22 49.04% 9/06 No 3.75 4.33% 51.72% Options Chain 2.83 3.20 0.04 17 None
51 LYB LyondellBasell Industries NV - Class A 94.23 104.14 83.89 12.33% 8/26 No 5.18 5.54% 73.48% Options Chain 2.35 3.35 0.04 15 None
52 PAYX Paychex Inc 130.20 133.12 103.01 26.40% 8/08 Yes 3.74 2.89% 80.09% Options Chain 4.50 4.40 0.03 15 None
53 BP BP plc 31.90 39.36 31.77 0.41% 8/09 No 1.79 5.61% 69.33% Options Chain 1.10 0.93 0.03 13 None
54 SHEL Shell Plc ADR (Representing - ) 68.12 73.76 58.57 16.31% 8/16 No 2.73 4.07% 48.94% Options Chain 2.10 2.30 0.03 16 None
55 QSR Restaurant Brands International Inc 67.93 81.99 60.38 12.50% 9/20 No 2.84 4.20% 71.00% Options Chain 2.28 2.28 0.03 12 None
56 RF Regions Financial Corp 22.61 23.39 13.04 73.39% 9/03 Yes 0.97 4.38% 54.49% Options Chain 0.55 0.75 0.03 13 None
57 UNM Unum Group 55.26 58.17 40.81 35.41% 7/26 No 1.51 2.80% 22.25% Options Chain 1.25 1.80 0.03 16 None
58 OKE Oneok Inc 91.81 93.00 57.45 59.81% 8/01 No 3.92 4.31% 87.81% Options Chain 2.00 2.98 0.03 12 None
59 HON Honeywell International Inc 202.98 219.59 171.06 18.66% 8/16 Yes 4.32 2.18% 49.26% Options Chain 6.05 6.40 0.03 13 None
60 GRMN Garmin Ltd 180.78 183.88 98.09 84.30% 9/12 No 5.19 2.88% 72.79% Options Chain 5.45 4.90 0.03 18
Dividend Stock List
61 CINF Cincinnati Financial Corp 136.34 139.34 94.82 43.79% 9/17 No 3.93 2.88% 28.83% Options Chain 4.00 3.75 0.03 16 None
62 DRI Darden Restaurants Inc 157.94 173.62 129.89 21.60% 7/10 Yes 5.33 3.37% 62.71% Options Chain 4.35 4.60 0.03 12 None
63 IPG Interpublic Group Of Cos. Inc 31.46 34.44 26.09 20.58% 9/03 Yes 1.30 4.18% 48.15% Options Chain 0.70 0.90 0.03 12 None
64 JNJ Johnson & Johnson 164.99 168.85 140.50 17.43% 8/27 Yes 4.86 2.96% 73.64% Options Chain 4.48 3.70 0.03 14 None
65 SJM J.M. Smucker Company 121.19 131.05 103.49 17.10% 8/16 No 4.26 3.54% 59.33% Options Chain 1.90 3.15 0.03 12 None
66 TAP Molson Coors Beverage Company - Class B 55.81 68.04 48.79 14.39% 8/30 No 1.73 3.10% 32.40% Options Chain 1.30 1.45 0.03 18 None
67 MFC Manulife Financial Corp 27.57 27.82 16.19 70.29% 8/21 No 1.56 5.78% 89.43% Options Chain 0.45 0.70 0.03 13 None
68 EMN Eastman Chemical Company 98.01 105.12 67.12 46.02% 9/16 No 4.03 4.11% 54.24% Options Chain 1.90 2.45 0.02 13 None
69 CNI Canadian National Railway Company 117.34 132.66 101.90 15.15% 9/06 No 4.12 3.51% 65.95% Options Chain 1.63 2.88 0.02 12 None
70 WRB W.R. Berkley Corp 59.02 61.28 40.22 46.74% 6/24 No 1.30 2.22% 34.30% Options Chain 1.35 1.15 0.02 16 None
71 TTE TotalEnergies SE 66.81 74.00 60.03 11.29% 9/24 No 4.90 7.39% 55.78% Options Chain 1.20 1.50 0.02 16 None
72 TRV Travelers Companies Inc 231.85 236.59 154.99 49.59% 9/10 Yes 5.10 2.18% 31.80% Options Chain 4.55 4.85 0.02 18 None
73 FNF Fidelity National Financial Inc 58.99 60.19 36.02 63.77% 9/16 No 2.37 4.02% 70.54% Options Chain 1.20 0.65 0.02 16 None
74 MO Altria Group Inc 54.27 54.95 36.54 48.52% 9/16 No 4.94 9.20% 84.16% Options Chain 0.91 1.08 0.02 14 None
75 TSN Tyson Foods Inc - Class A 65.13 66.27 43.36 50.21% 11/29 No 2.44 3.70% -4,066.67% Options Chain 1.25 1.28 0.02 12 None
76 RPRX Royalty Pharma plc - Class A 29.07 31.18 25.01 16.23% 8/16 No 0.83 2.89% 54.61% Options Chain 0.55 0.02 12 None
77 CM Canadian Imperial Bank Of Commerce 59.73 60.48 32.97 81.16% 9/27 No 4.47 7.48% 87.65% Options Chain 1.10 0.93 0.02 13 None
78 SYY Sysco Corp 78.98 81.77 60.99 29.50% 10/04 No 2.52 3.21% 64.45% Options Chain 1.20 1.45 0.02 14 None
79 PFG Principal Financial Group Inc 79.70 87.48 63.91 24.71% 9/05 No 2.79 3.60% 53.04% Options Chain 1.43 1.25 0.02 13 None
80 ITUB Itau Unibanco Holding S.A. 6.74 6.95 4.83 39.54% 9/23 No 0.51 7.64% 75.42% Options Chain 0.10 0.08 0.01 15 None
81 MFG Mizuho Financial Group Inc 4.17 4.63 3.08 35.39% 3/27 No 0.14 3.40% 36.33% Options Chain 17 None