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 | QCOM | Qualcomm Inc | 170.61 | 258.96 | 121.54 | 40.37% | 9/03 | Yes | 3.59 | 2.10% | 4.55% | 2.25% | 5.86% | 16.60% | 38.56% | Options Chain | 15.83 | 21.03 | 0.12 | 14 | 72 | None | |
| 2 | HPQ | HP Inc | 24.14 | 29.29 | 17.07 | 41.42% | 9/09 | Yes | 1.19 | 4.93% | 2.72% | 1.35% | 4.34% | 10.08% | 43.41% | Options Chain | 1.70 | 2.01 | 0.08 | 14 | 54 | None | |
| 3 | ACN | Accenture plc - Class A | 143.50 | 285.21 | 116.75 | 22.91% | 7/09 | No | 6.52 | 4.52% | 7.41% | 3.64% | 12.78% | 13.10% | 53.62% | Options Chain | 9.50 | 11.85 | 0.08 | 16 | 62 | None | |
| 4 | APA | APA Corporation | 34.29 | 45.36 | 17.38 | 97.30% | 7/22 | Yes | 1.00 | 2.92% | 0.00% | 0.00% | 12.47% | 5.71% | 23.31% | Options Chain | 2.31 | 2.77 | 0.08 | 15 | 64 | None | |
| 5 | IBM | International Business Machines Corp | 219.05 | 332.46 | 204.44 | 7.15% | 5/08 | Yes | 6.73 | 3.07% | 0.75% | 0.37% | 0.64% | 4.75% | 57.42% | Options Chain | 14.70 | 15.53 | 0.07 | 13 | 73 | None | |
| 6 | CTSH | Cognizant Technology Solutions Corp - Class A | 44.75 | 85.98 | 37.08 | 20.69% | 5/18 | Yes | 1.28 | 2.86% | 6.45% | 3.18% | 5.14% | 6.46% | 27.77% | Options Chain | 2.98 | 3.15 | 0.07 | 17 | 66 | None | |
| 7 | TGT | Target Corp | 140.21 | 142.82 | 81.83 | 71.34% | 8/12 | Yes | 4.56 | 3.25% | 2.65% | 1.32% | 4.04% | 11.28% | 58.39% | Options Chain | 8.20 | 9.30 | 0.07 | 9 | 62 | None | |
| 8 | LEN | Lennar Corp - Class A | 86.40 | 142.23 | 81.18 | 6.43% | 7/10 | No | 2.00 | 2.31% | 0.00% | 0.00% | 7.46% | 10.73% | 31.70% | Options Chain | 4.50 | 5.25 | 0.06 | 12 | 61 | None | |
| 9 | SU | Suncor Energy Inc | 62.43 | 69.83 | 36.87 | 69.32% | 6/04 | Yes | 2.37 | 3.91% | 3.90% | 1.93% | 6.30% | 13.28% | 62.20% | Options Chain | 2.70 | 3.70 | 0.06 | 12 | 72 | None | |
| 10 | SIRI | Sirius XM Holdings Inc | 30.59 | 31.42 | 19.33 | 58.25% | 5/11 | Yes | 1.08 | 3.44% | 0.00% | 0.00% | 4.64% | 12.87% | 45.76% | Options Chain | 1.36 | 1.80 | 0.06 | 15 | 71 | None | |
| 11 | NTR | Nutrien Ltd | 67.28 | 83.98 | 51.72 | 30.09% | 6/30 | Yes | 2.19 | 3.26% | 0.92% | 0.46% | 3.46% | 9.91% | 44.60% | Options Chain | 2.85 | 3.85 | 0.06 | 11 | 62 | None | |
| 12 | NKE | Nike Inc - Class B | 43.76 | 78.01 | 40.00 | 9.40% | 6/01 | No | 1.63 | 3.66% | 1.86% | 0.93% | 6.92% | 15.27% | 77.62% | Options Chain | 2.29 | 2.47 | 0.06 | 13 | 58 | None | |
| 13 | CVE | Cenovus Energy Inc | 28.00 | 31.89 | 13.60 | 105.88% | 6/15 | Yes | 0.82 | 3.01% | 12.82% | 6.22% | 17.35% | -0.18% | 46.59% | Options Chain | 1.55 | 1.48 | 0.06 | 13 | 66 | None | |
| 14 | DKS | Dicks Sporting Goods Inc | 217.98 | 244.38 | 184.42 | 18.20% | 6/12 | No | 4.92 | 2.27% | 3.09% | 1.53% | 26.54% | 19.10% | 49.05% | Options Chain | 10.25 | 11.65 | 0.05 | 10 | 62 | None | |
| 15 | GILD | Gilead Sciences Inc | 134.28 | 155.38 | 105.01 | 27.87% | 6/15 | Yes | 3.22 | 2.36% | 3.80% | 1.88% | 2.95% | 6.19% | 43.81% | Options Chain | 6.00 | 7.03 | 0.05 | 15 | 72 | None | |
| 16 | ZTS | Zoetis Inc - Class A | 76.56 | 158.55 | 71.47 | 7.12% | 7/20 | Yes | 2.06 | 2.68% | 6.00% | 2.96% | 13.01% | 19.26% | 33.94% | Options Chain | 2.98 | 3.95 | 0.05 | 15 | 65 | None | |
| 17 | XOM | Exxon Mobil Corp | 147.36 | 175.22 | 102.27 | 44.09% | 5/15 | Yes | 4.08 | 2.80% | 3.00% | 1.49% | 3.79% | 5.76% | 68.69% | Options Chain | 6.60 | 7.60 | 0.05 | 9 | 64 | None | |
| 18 | CMCSA | Comcast Corp - Class A | 23.86 | 32.20 | 21.83 | 9.30% | 7/01 | Yes | 1.32 | 5.48% | 1.54% | 0.77% | 5.64% | 28.34% | 26.77% | Options Chain | 1.20 | 1.20 | 0.05 | 12 | 58 | None | |
| 19 | MDT | Medtronic Plc | 83.20 | 103.76 | 72.65 | 14.52% | 6/26 | Yes | 2.85 | 3.41% | 1.77% | 0.88% | 1.91% | 16.03% | 73.45% | Options Chain | 3.70 | 4.18 | 0.05 | 14 | 72 | None | |
| 20 | PM | Philip Morris International Inc | 192.98 | 194.58 | 138.43 | 39.41% | 6/25 | Yes | 5.88 | 3.10% | 4.26% | 2.11% | 3.93% | 5.94% | 78.82% | Options Chain | 7.85 | 9.35 | 0.05 | 11 | 68 | None | |
| 21 | LOW | Lowe`s Cos. Inc | 216.16 | 291.66 | 203.40 | 6.27% | 7/22 | Yes | 4.80 | 2.22% | 6.38% | 3.14% | 7.82% | 16.42% | 39.38% | Options Chain | 8.65 | 10.35 | 0.05 | 10 | 65 | None | |
| 22 | HD | Home Depot Inc | 348.02 | 418.06 | 286.95 | 21.28% | 6/04 | Yes | 9.26 | 2.66% | 1.30% | 0.65% | 5.23% | 27.51% | 65.77% | Options Chain | 14.08 | 16.63 | 0.05 | 6 | 62 | None | |
| 23 | T | AT&T Inc | 21.98 | 28.75 | 19.63 | 11.97% | 7/10 | Yes | 1.11 | 5.05% | 0.00% | 0.00% | -4.82% | 1.94% | 37.88% | Options Chain | 0.92 | 1.02 | 0.05 | 9 | 61 | None | |
| 24 | MO | Altria Group Inc | 73.03 | 75.28 | 53.01 | 37.77% | 6/15 | Yes | 4.24 | 5.81% | 1.92% | 0.96% | 3.60% | 8.01% | 85.48% | Options Chain | 3.18 | 3.28 | 0.04 | 12 | 67 | None | |
| 25 | KEY | Keycorp | 23.55 | 24.07 | 15.97 | 47.46% | 9/01 | Yes | 0.82 | 3.42% | 0.00% | 0.00% | 0.94% | 3.23% | 50.31% | Options Chain | 0.63 | 1.00 | 0.04 | 15 | 68 | None | |
| 26 | VZ | Verizon Communications Inc | 43.59 | 50.06 | 36.55 | 19.26% | 7/10 | Yes | 2.79 | 6.37% | 3.95% | 1.96% | 2.41% | 2.96% | 68.67% | Options Chain | 1.64 | 1.84 | 0.04 | 13 | 73 | None | |
| 27 | UL | Unilever plc | 62.39 | 73.71 | 54.43 | 14.62% | 5/15 | No | 2.28 | 3.63% | -4.83% | -2.45% | 1.88% | 4.10% | 77.78% | Options Chain | 2.10 | 2.53 | 0.04 | 13 | 65 | None | |
| 28 | MET | Metlife Inc | 93.70 | 93.81 | 66.82 | 40.23% | 8/04 | Yes | 2.29 | 2.45% | 5.45% | 2.69% | 4.60% | 6.89% | 44.56% | Options Chain | 2.60 | 3.75 | 0.04 | 15 | 61 | None | |
| 29 | MCD | McDonald`s Corp | 267.71 | 337.56 | 264.09 | 1.37% | 6/02 | Yes | 7.35 | 2.69% | 3.77% | 1.87% | 7.08% | 17.52% | 61.82% | Options Chain | 9.25 | 10.40 | 0.04 | 12 | 67 | None | |
| 30 | USB | U.S. Bancorp. | 63.14 | 64.27 | 41.79 | 51.09% | 6/30 | No | 2.08 | 3.25% | 1.96% | 0.98% | 2.56% | 8.74% | 43.61% | Options Chain | 1.59 | 2.42 | 0.04 | 13 | 65 | None | |
| 31 | QSR | Restaurant Brands International Inc | 75.01 | 81.22 | 59.14 | 26.83% | 6/23 | Yes | 2.54 | 3.29% | 4.84% | 2.39% | 4.74% | 21.18% | 81.67% | Options Chain | 2.83 | 2.43 | 0.04 | 8 | 62 | None | |
| 32 | YUMC | Yum China Holdings Inc | 43.87 | 57.69 | 40.15 | 9.27% | 5/27 | Yes | 1.06 | 2.39% | 20.83% | 9.92% | 24.68% | 14.77% | 40.61% | Options Chain | 1.45 | 1.65 | 0.04 | 17 | 19 | None | |
| 33 | DRI | Darden Restaurants Inc | 200.06 | 217.62 | 165.13 | 21.15% | 7/10 | No | 6.12 | 3.04% | 11.72% | 5.70% | 8.83% | 13.54% | 58.56% | Options Chain | 6.60 | 7.50 | 0.04 | 12 | 70 | None | |
| 34 | PRU | Prudential Financial Inc | 118.25 | 117.16 | 90.64 | 30.46% | 5/26 | Yes | 5.50 | 4.65% | 3.70% | 1.84% | 3.93% | 9.95% | 56.64% | Options Chain | 3.75 | 4.40 | 0.04 | 13 | 57 | None | |
| 35 | SYY | Sysco Corp | 82.25 | 90.56 | 67.23 | 22.34% | 7/02 | Yes | 2.17 | 2.64% | 4.76% | 2.35% | 3.46% | 15.19% | 60.61% | Options Chain | 2.45 | 3.03 | 0.04 | 11 | 63 | None | |
| 36 | BCE | BCE Inc | 21.83 | 26.12 | 20.87 | 4.60% | 6/15 | Yes | 1.75 | 7.90% | -24.24% | -12.96% | -16.96% | 2.64% | 35.79% | Options Chain | 0.25 | 0.80 | 0.04 | 14 | 68 | None | |
| 37 | PG | Procter & Gamble Company | 149.98 | 166.00 | 135.63 | 10.58% | 7/24 | Yes | 4.26 | 2.82% | 4.24% | 2.10% | 4.80% | 8.60% | 62.26% | Options Chain | 5.35 | 5.48 | 0.04 | 10 | 65 | None | |
| 38 | JNJ | Johnson & Johnson | 249.97 | 269.43 | 151.01 | 65.53% | 8/25 | No | 5.24 | 2.10% | 4.28% | 2.12% | 4.76% | 12.87% | 60.72% | Options Chain | 7.08 | 9.08 | 0.04 | 9 | 66 | None | |
| 39 | RF | Regions Financial Corp | 31.65 | 32.47 | 22.04 | 43.60% | 9/01 | Yes | 1.06 | 3.27% | 16.50% | 7.94% | 12.85% | -1.38% | 43.98% | Options Chain | 0.88 | 1.13 | 0.04 | 16 | 70 | None | |
| 40 | CINF | Cincinnati Financial Corp | 180.73 | 194.81 | 140.72 | 28.43% | 6/23 | Yes | 3.62 | 2.05% | 8.05% | 3.95% | 8.04% | 8.94% | 20.99% | Options Chain | 6.45 | 5.00 | 0.04 | 14 | 60 | None | |
| 41 | KMI | Kinder Morgan Inc - Class P | 32.54 | 34.81 | 24.97 | 30.32% | 5/04 | No | 1.18 | 3.61% | 2.15% | 1.07% | 1.93% | -1.07% | 78.86% | Options Chain | 1.15 | 0.95 | 0.04 | 11 | 66 | None | |
| 42 | FHN | First Horizon Corporation | 25.40 | 26.31 | 19.39 | 31.00% | 6/12 | No | 0.64 | 2.52% | 13.33% | 6.46% | 3.18% | 3.95% | 32.16% | Options Chain | 0.78 | 0.88 | 0.03 | 14 | 61 | None | |
| 43 | OVV | Ovintiv Inc | 57.79 | 63.13 | 34.83 | 65.92% | 6/15 | Yes | 1.20 | 2.13% | 0.00% | 0.00% | 6.01% | 2.93% | 39.47% | Options Chain | 2.00 | 1.58 | 0.03 | 9 | 64 | None | |
| 44 | KO | Coca-Cola Company | 81.56 | 85.68 | 64.04 | 27.36% | 9/15 | Yes | 2.08 | 2.45% | 3.92% | 1.94% | 4.76% | 9.24% | 65.41% | Options Chain | 2.38 | 2.75 | 0.03 | 12 | 67 | None | |
| 45 | TFC | Truist Financial Corporation | 52.50 | 55.06 | 39.49 | 32.95% | 5/08 | Yes | 2.08 | 3.91% | 0.00% | 0.00% | 0.99% | 7.08% | 50.61% | Options Chain | 1.55 | 1.73 | 0.03 | 11 | 66 | None | |
| 46 | SPG | Simon Property Group Inc | 228.70 | 231.53 | 152.45 | 50.02% | 6/09 | Yes | 8.80 | 3.85% | 5.26% | 2.60% | 6.87% | 5.14% | 61.15% | Options Chain | 6.80 | 7.45 | 0.03 | 13 | 71 | None | |
| 47 | AVB | Avalonbay Communities Inc | 192.53 | 198.63 | 157.12 | 22.54% | 6/30 | Yes | 7.06 | 3.63% | 1.71% | 0.85% | 2.86% | 5.15% | 85.16% | Options Chain | 4.75 | 6.25 | 0.03 | 11 | 73 | None | |
| 48 | CFG | Citizens Financial Group Inc | 72.60 | 74.70 | 44.85 | 61.87% | 7/30 | No | 1.80 | 2.42% | 6.98% | 3.43% | 3.23% | 15.70% | 39.22% | Options Chain | 2.10 | 2.33 | 0.03 | 15 | 75 | None | |
| 49 | TTE | TotalEnergies SE | 81.39 | 90.79 | 54.01 | 50.69% | 9/30 | Yes | 3.40 | 4.31% | -12.83% | -6.64% | 8.06% | 5.47% | 50.45% | Options Chain | 2.13 | 2.55 | 0.03 | 15 | 63 | None | |
| 50 | ITUB | Itau Unibanco Holding S.A. | 8.20 | 9.47 | 5.43 | 51.01% | 12/02 | Yes | 0.17 | 2.09% | -95.32% | -78.36% | -30.51% | 2.43% | 21.73% | Options Chain | 0.08 | 0.25 | 0.03 | 16 | 47 | None | |
| 51 | TD | Toronto Dominion Bank | 123.90 | 124.87 | 69.92 | 77.20% | 7/10 | No | 4.33 | 3.49% | 6.67% | 3.28% | 5.91% | 9.53% | 72.41% | Options Chain | 2.70 | 3.65 | 0.03 | 12 | 76 | None | |
| 52 | TROW | T. Rowe Price Group Inc | 117.35 | 121.17 | 84.21 | 39.35% | 6/15 | Yes | 5.14 | 4.32% | 2.36% | 1.17% | 2.02% | 16.78% | 55.87% | Options Chain | 3.08 | 3.15 | 0.03 | 20 | 68 |
Dividend Stock List |
|
| 53 | MKC | McCormick & Co. Inc (Non Voting) | 52.90 | 71.54 | 44.42 | 19.09% | 7/06 | No | 1.89 | 3.57% | 4.92% | 2.43% | 6.37% | 11.06% | 31.45% | Options Chain | 1.05 | 1.38 | 0.03 | 11 | 65 | None | |
| 54 | CM | Canadian Imperial Bank Of Commerce | 121.50 | 120.78 | 68.77 | 76.68% | 6/29 | No | 4.18 | 3.46% | 7.54% | 3.70% | 6.60% | 5.27% | 58.30% | Options Chain | 1.70 | 3.00 | 0.02 | 13 | 65 | None | |
| 55 | FNF | Fidelity National Financial Inc | 51.96 | 57.15 | 42.32 | 22.78% | 6/16 | Yes | 2.06 | 3.96% | 2.97% | 1.47% | 4.12% | 2.92% | 73.31% | Options Chain | 0.70 | 1.23 | 0.02 | 17 | 66 | None | |
| 56 | BNS | Bank Of Nova Scotia | 89.40 | 90.47 | 52.63 | 69.87% | 7/07 | No | 4.44 | 4.95% | 5.56% | 2.74% | 2.95% | 9.96% | 86.89% | Options Chain | 1.95 | 1.20 | 0.02 | 12 | 65 | None | |
| 57 | BTI | British American Tobacco Plc | 63.15 | 66.38 | 47.85 | 31.97% | 12/29 | No | 3.28 | 5.19% | 3.96% | 5.81% | 6.04% | 11.35% | 66.14% | Options Chain | 1.35 | 1.10 | 0.02 | 12 | 71 | None | |
| 58 | BMO | Bank of Montreal | 182.99 | 184.21 | 106.83 | 71.29% | 7/30 | No | 6.60 | 3.61% | 6.21% | 3.06% | 5.89% | 5.29% | 72.45% | Options Chain | 2.83 | 3.55 | 0.02 | 14 | 71 | None | |
| 59 | RY | Royal Bank Of Canada | 216.07 | 218.57 | 124.70 | 73.27% | 7/27 | No | 6.36 | 2.94% | 16.56% | 7.96% | 9.15% | 8.37% | 58.94% | Options Chain | 3.08 | 2.93 | 0.01 | 12 | 76 | None | |
| 60 | VICI | VICI Properties Inc | 26.87 | 31.94 | 25.82 | 4.07% | 6/18 | Yes | 1.80 | 6.63% | 1.98% | 0.99% | 4.66% | 8.49% | 61.64% | Options Chain | 0.38 | 0.13 | 0.01 | 9 | 61 | None |