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 QCOM Qualcomm Inc 178.40 257.56 120.88 47.58% 9/03 Yes 3.62 2.04% 4.55% 2.25% 5.86% 16.60% 41.90% Options Chain 10.38 15.85 0.09 10 63 None
2 PBR Petroleo Brasileiro S.A. Petrobras 26.00 26.10 10.65 144.13% 8/25 Yes 3.42 13.28% 65.25% 28.55% -25.28% 5.21% 86.40% Options Chain 1.74 2.15 0.08 18 52 None
3 TXN Texas Instruments Inc 279.12 332.33 150.20 85.83% 10/30 Yes 5.68 2.05% 5.09% 4.83% 5.36% 13.46% 86.45% Options Chain 18.20 21.93 0.08 10 64 None
4 HPQ HP Inc 30.01 36.23 16.91 77.47% 9/09 No 1.20 3.89% 2.72% 1.35% 4.34% 10.08% 45.80% Options Chain 1.79 2.19 0.07 12 55 None
5 TRI Thomson-Reuters Corp 109.01 157.66 75.78 43.85% 8/19 Yes 3.41 3.13% 8.38% 4.11% 8.72% 4.53% 89.52% Options Chain 6.60 7.70 0.07 13 70 None
6 LEN Lennar Corp - Class A 78.00 130.83 71.78 8.67% 10/07 No 2.00 2.56% 0.00% 0.00% 7.46% 10.47% 37.88% Options Chain 4.45 5.20 0.07 14 67 None
7 ACN Accenture plc - Class A 229.68 282.94 115.82 98.31% 10/13 No 6.60 2.94% 8.73% 11.07% 13.13% 12.36% 48.35% Options Chain 11.15 15.15 0.07 17 66 None
8 IBM International Business Machines Corp 232.14 330.09 197.77 17.38% 8/10 Yes 6.74 2.88% 0.75% 0.37% 0.64% 4.75% 59.86% Options Chain 13.45 14.75 0.06 9 66 None
9 HAS Hasbro Inc 98.41 104.60 67.33 46.16% 8/19 Yes 2.80 2.85% 0.00% 0.00% 0.18% 16.01% 50.09% Options Chain 5.35 6.25 0.06 7 60 None
10 NKE Nike Inc - Class B 37.13 68.19 31.97 16.14% 9/01 No 1.64 4.42% 1.86% 0.93% 6.92% 15.27% 78.85% Options Chain 2.04 2.33 0.06 12 58 None
11 EQNR Equinor ASA 44.92 47.01 21.54 108.54% 11/16 Yes 1.52 3.38% 5.48% 6.81% 18.54% 4.98% 41.64% Options Chain 2.30 2.80 0.06 13 61 None
12 BMY Bristol-Myers Squibb Company 59.75 67.94 40.71 46.77% 10/02 Yes 2.52 4.16% 1.61% 2.47% 3.93% 6.95% 51.96% Options Chain 2.54 3.62 0.06 16 63 None
13 FNF Fidelity National Financial Inc 39.68 56.47 37.88 4.75% 9/16 Yes 2.08 5.24% 2.97% 1.47% 4.12% 2.92% 72.22% Options Chain 1.85 2.35 0.06 15 68 None
14 COP Conoco Phillips 141.73 141.62 82.95 70.86% 8/17 Yes 3.36 2.37% 5.66% 2.79% -1.64% 5.82% 44.50% Options Chain 6.80 8.15 0.06 9 67 None
15 CVS CVS Health Corp 92.58 110.00 68.48 35.19% 10/22 Yes 2.66 2.87% 0.00% 0.00% 4.86% 6.75% 71.31% Options Chain 4.60 5.25 0.06 11 64 None
16 ABT Abbott Laboratories 104.89 128.83 80.89 29.67% 10/15 Yes 2.52 2.41% 6.78% 7.03% 7.60% 8.38% 81.29% Options Chain 4.50 5.90 0.06 10 66 None
17 HAL Halliburton Company 33.50 43.20 21.78 53.81% 9/02 Yes 0.68 2.07% 0.00% 0.00% 9.10% 2.12% 35.79% Options Chain 1.58 1.88 0.06 12 56 None
18 CMCSA Comcast Corp - Class A 21.90 31.56 20.48 6.93% 10/07 Yes 1.32 6.06% 1.54% 4.02% 5.64% 27.14% 42.58% Options Chain 1.19 1.03 0.05 15 70 None
19 PM Philip Morris International Inc 199.90 210.45 137.25 45.65% 10/02 Yes 6.01 3.00% 13.48% 6.52% 6.15% 5.94% 86.35% Options Chain 8.80 10.80 0.05 10 67 None
20 TGT Target Corp 156.63 170.75 81.20 92.89% 11/10 Yes 4.58 2.97% 1.77% 1.79% 3.82% 11.03% 47.56% Options Chain 7.13 8.33 0.05 11 64 None
21 HD Home Depot Inc 309.63 389.18 277.15 11.72% 9/03 Yes 9.29 3.01% 1.30% 0.65% 5.23% 27.51% 65.01% Options Chain 12.78 15.38 0.05 8 61 None
22 SWK Stanley Black & Decker Inc 92.48 103.74 59.33 55.87% 9/08 Yes 3.33 3.60% 1.82% 0.90% 1.39% 5.82% 81.42% Options Chain 4.45 4.55 0.05 15 64 None
23 UNM Unum Group 92.23 96.77 68.21 35.21% 7/24 Yes 1.89 2.04% 9.66% 10.87% 11.25% 5.98% 44.04% Options Chain 3.80 4.25 0.05 9 62 None
24 MDT Medtronic Plc 94.75 102.92 72.06 31.49% 9/25 Yes 2.86 2.99% 1.77% 0.88% 1.91% 16.03% 70.27% Options Chain 3.40 4.35 0.05 12 64 None
25 GSK GSK Plc 49.51 60.11 41.38 19.65% 8/14 Yes 1.82 3.70% 5.58% 2.75% -1.28% 0.71% 57.28% Options Chain 1.88 2.15 0.04 11 67 None
26 YUMC Yum China Holdings Inc 44.67 57.33 39.72 12.46% 8/27 Yes 1.11 2.46% 20.83% 9.92% 24.68% 14.77% 40.66% Options Chain 1.88 1.80 0.04 14 51 None
27 T AT&T Inc 23.44 28.43 19.41 20.76% 10/09 Yes 1.11 4.74% 0.00% 0.00% -4.82% 1.89% 36.04% Options Chain 0.61 0.94 0.04 11 60 None
28 XOM Exxon Mobil Corp 174.68 179.16 108.83 60.51% 8/17 Yes 4.12 2.36% 3.00% 1.49% 3.79% 5.76% 52.15% Options Chain 5.85 7.00 0.04 12 71 None
29 ADM Archer Daniels Midland Company 82.61 88.75 54.00 52.98% 8/19 Yes 2.07 2.48% 1.96% 0.98% 6.78% 14.63% 56.40% Options Chain 3.30 3.30 0.04 14 43 None
30 OKE Oneok Inc 90.65 99.85 61.67 46.99% 11/02 Yes 4.24 4.68% 3.88% 3.96% 3.43% 6.88% 73.23% Options Chain 3.60 3.40 0.04 14 73 None
31 CVX Chevron Corp 224.99 222.55 142.51 57.88% 8/19 Yes 7.05 3.21% 4.09% 2.03% 5.81% 6.12% 67.85% Options Chain 8.13 8.78 0.04 11 69 None
32 FANG Diamondback Energy Inc 195.60 216.90 133.81 46.18% 8/13 Yes 4.25 2.17% 10.00% 4.88% -16.29% 34.11% 80.95% Options Chain 6.40 7.60 0.04 10 74 None
33 MET Metlife Inc 100.76 102.42 66.41 51.72% 11/03 Yes 2.32 2.32% 4.34% 4.32% 4.32% 6.69% 44.44% Options Chain 1.70 3.90 0.04 17 70 None
34 TTE TotalEnergies SE 88.49 92.37 56.36 57.01% 12/31 Yes 3.45 3.78% -15.25% 6.95% 7.30% 3.56% 43.18% Options Chain 2.25 3.40 0.04 14 58 None
35 PCAR Paccar Inc 110.01 138.87 90.03 22.19% 11/10 Yes 2.43 2.21% 4.55% 8.60% 10.47% 9.62% 51.16% Options Chain 4.20 3.95 0.04 10 62 None
36 WFC Wells Fargo & Company 83.87 96.18 72.36 15.91% 8/07 No 1.85 2.21% 17.65% 8.47% 16.12% 8.33% 26.89% Options Chain 3.20 3.18 0.04 15 74 None
37 TFC Truist Financial Corporation 46.57 54.52 39.89 16.75% 8/14 Yes 2.08 4.42% 0.00% 0.00% 0.99% 7.08% 48.15% Options Chain 1.30 1.75 0.04 11 70 None
38 VZ Verizon Communications Inc 44.79 50.88 35.99 24.45% 10/09 Yes 2.81 6.28% 3.31% 2.59% 2.25% 2.96% 73.24% Options Chain 1.48 1.61 0.04 10 73 None
39 JNJ Johnson & Johnson 255.56 281.07 180.57 41.53% 11/24 No 5.28 2.08% 3.50% 4.09% 4.57% 12.69% 61.18% Options Chain 8.70 9.13 0.04 9 66 None
40 QSR Restaurant Brands International Inc 74.11 81.15 62.26 19.03% 9/18 Yes 2.57 3.47% 4.84% 2.39% 4.74% 21.18% 64.57% Options Chain 2.58 2.45 0.03 12 70 None
41 PG Procter & Gamble Company 159.35 164.77 134.62 18.37% 10/23 Yes 4.29 2.69% 3.48% 4.47% 4.61% 8.47% 64.81% Options Chain 3.93 5.43 0.03 10 74 None
42 USB U.S. Bancorp. 57.39 65.47 43.35 32.39% 9/30 No 2.10 3.64% 5.88% 2.90% 3.53% 8.74% 42.42% Options Chain 1.84 1.94 0.03 13 66 None
43 MFC Manulife Financial Corp 44.34 44.95 30.55 45.14% 8/21 Yes 1.90 4.36% 10.23% 4.99% 10.10% 10.87% 70.97% Options Chain 1.43 1.28 0.03 17 68 None
44 FHN First Horizon Corporation 22.88 26.25 19.26 18.80% 9/11 No 0.66 2.89% 13.33% 6.46% 3.18% 3.95% 31.73% Options Chain 0.73 0.70 0.03 12 59 None
45 SLF Sun Life Financial Inc 78.56 83.66 55.25 42.19% 8/26 Yes 3.76 4.74% 9.09% 4.45% 8.61% 10.67% 87.85% Options Chain 2.00 2.48 0.03 12 59 None
46 BTI British American Tobacco Plc 58.00 65.33 47.10 23.14% 12/29 No 3.32 5.73% 3.81% 5.74% 6.00% 11.33% 83.68% Options Chain 1.80 1.58 0.03 11 71 None
47 KO Coca-Cola Company 91.94 91.94 64.14 43.34% 12/01 Yes 2.10 2.28% 3.92% 4.54% 4.76% 9.10% 63.06% Options Chain 2.61 2.75 0.03 9 61 None
48 TD Toronto Dominion Bank 120.39 124.60 76.69 56.98% 10/09 No 4.40 3.65% 4.76% 3.85% 5.44% 9.39% 65.28% Options Chain 3.45 2.70 0.03 15 76 None
49 FITB Fifth Third Bancorp 50.37 59.01 38.76 29.95% 9/30 Yes 1.62 3.22% 9.09% 4.45% 7.46% 8.25% 54.55% Options Chain 0.30 1.43 0.03 7 65 None
50 BNS Bank Of Nova Scotia 91.60 94.87 61.19 49.70% 10/06 No 4.48 4.92% 3.70% 2.79% 2.49% 9.76% 81.16% Options Chain 1.80 2.60 0.03 12 63 None
51 BAC Bank Of America Corp 51.79 64.90 45.65 13.45% 9/04 No 1.16 2.24% 18.52% 8.87% 10.45% 4.49% 28.16% Options Chain 1.38 1.46 0.03 9 65 None
52 CINF Cincinnati Financial Corp 167.22 193.71 146.70 13.99% 9/23 Yes 3.69 2.21% 8.05% 3.95% 8.04% 8.94% 17.42% Options Chain 3.70 4.70 0.03 18 66 None
53 CFG Citizens Financial Group Inc 63.36 75.33 47.96 32.11% 10/30 Yes 1.84 2.88% 10.47% 6.35% 4.07% 15.22% 40.09% Options Chain 1.08 1.73 0.03 16 77 None
54 PRU Prudential Wealth Advisors 115.91 126.26 89.60 29.36% 8/25 Yes 5.55 4.79% 3.70% 1.84% 3.93% 9.95% 50.27% Options Chain 2.43 2.93 0.03 17 67 None
55 TROW T. Rowe Price Group Inc 100.97 120.50 83.17 21.40% 9/15 Yes 5.17 5.12% 2.36% 1.17% 2.02% 16.78% 52.81% Options Chain 1.85 2.45 0.02 21 69
Dividend Stock List
56 RF Regions Financial Corp 27.45 32.14 22.67 21.09% 12/01 Yes 1.09 3.99% 9.71% 7.38% 11.16% -0.88% 44.69% Options Chain 0.63 0.63 0.02 16 69 None
57 UL Unilever plc 66.16 73.09 53.97 22.59% 8/07 No 2.22 3.36% -7.35% -3.74% 1.20% 4.10% 43.91% Options Chain 1.25 1.48 0.02 12 66 None
58 MKC McCormick & Co. Inc (Non Voting) 45.96 70.38 42.79 7.41% 10/13 No 1.92 4.18% 4.92% 2.43% 6.37% 11.06% 34.72% Options Chain 0.50 0.98 0.02 10 63 None
59 RY Royal Bank Of Canada 197.80 218.11 140.42 40.86% 10/26 No 6.58 3.33% 12.58% 10.19% 8.21% 8.48% 57.77% Options Chain 3.55 3.75 0.02 11 65 None
60 SPG Simon Property Group Inc 203.39 235.97 164.57 23.59% 9/09 Yes 8.90 4.33% 5.26% 2.60% 6.87% 5.14% 63.03% Options Chain 3.80 3.30 0.02 12 72 None
61 VICI VICI Properties Inc 23.60 29.61 22.43 5.22% 9/17 Yes 1.81 7.71% 4.25% 2.10% 5.24% 8.49% 70.43% Options Chain 0.18 0.23 0.01 8 67 None
62 PAG Penske Automotive Group Inc 212.42 225.51 138.01 53.92% 11/13 Yes 5.64 2.66% 10.42% 18.26% 28.93% 20.31% 36.60% Options Chain 0.28 0.00 13 69 None