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.



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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 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 295.57 625.65 248.88 18.76% 3/10 Yes 8.40 2.83% 2.69% 1.34% 10.67% 23.95% 35.18% Options Chain 20.38 26.35 0.09 14 69 None
2 DG Dollar General Corp 101.39 142.22 66.00 53.62% 4/08 Yes 2.36 2.34% 0.00% 0.00% 13.95% 15.13% 46.18% Options Chain 6.25 8.55 0.08 11 62 None
3 NKE Nike Inc - Class B 60.02 96.61 52.28 14.80% 6/02 Yes 1.54 2.51% 5.96% 2.94% 9.08% 15.51% 51.16% Options Chain 4.00 4.70 0.08 16 60 None
4 BBY Best Buy Co. Inc 69.92 101.10 54.99 27.15% 3/25 Yes 3.77 5.39% 1.06% 0.53% 7.93% 14.79% 88.08% Options Chain 4.73 5.33 0.08 14 62 None
5 HPE Hewlett Packard Enterprise Company 17.42 24.46 11.96 45.65% 3/21 Yes 0.52 2.96% 0.00% 0.00% 2.02% 10.73% 25.00% Options Chain 1.23 1.29 0.07 20 68 None
6 HAL Halliburton Company 19.91 36.41 18.72 6.36% 6/04 No 0.68 3.41% 0.00% 0.00% 39.41% 2.18% 28.45% Options Chain 1.17 1.32 0.07 12 56 None
7 FDX Fedex Corp 216.61 309.09 194.30 11.48% 3/10 Yes 5.52 2.52% 2.22% 1.11% 17.46% 16.72% 34.74% Options Chain 13.00 14.23 0.07 14 65 None
8 ARE Alexandria Real Estate Equities Inc 67.83 125.25 67.37 0.68% 3/31 No 5.24 7.73% 1.73% 0.86% 4.19% 3.89% 689.47% Options Chain 3.10 4.40 0.06 14 70 None
9 GILD Gilead Sciences Inc 107.37 119.12 59.82 79.49% 6/13 No 3.10 2.90% 2.60% 1.29% 2.71% 6.65% 65.13% Options Chain 5.88 6.78 0.06 12 72 None
10 AMGN AMGEN Inc 271.66 336.01 249.07 9.07% 5/16 No 9.26 3.41% 5.78% 2.85% 7.84% 16.50% 84.49% Options Chain 12.83 16.78 0.06 11 72 None
11 HPQ HP Inc 27.98 39.07 21.21 31.92% 6/11 Yes 1.13 3.96% 3.71% 1.84% 8.63% 10.23% 40.65% Options Chain 1.68 1.58 0.06 12 52 None
12 JNPR Juniper Networks Inc 35.99 39.31 33.42 7.69% 6/02 No 0.88 2.45% 0.00% 0.00% 2.41% 9.16% 83.81% Options Chain 0.95 2.15 0.06 15 50 None
13 STX Seagate Technology Holdings Plc 112.74 113.54 63.19 78.41% 6/25 No 2.84 2.61% 2.13% 1.06% 1.53% 17.57% 40.92% Options Chain 6.70 5.40 0.06 16 68 None
14 FHN First Horizon Corporation 19.77 22.26 13.74 43.89% 6/13 Yes 0.60 3.02% 0.00% 0.00% 0.00% 4.06% 41.67% Options Chain 1.15 1.05 0.06 15 67 None
15 COP Conoco Phillips 85.19 115.84 79.21 7.55% 5/19 No 3.12 3.62% 0.00% 0.00% 12.47% 5.93% 39.54% Options Chain 4.55 4.85 0.06 12 76 None
16 GIS General Mills Inc 53.38 73.73 52.39 1.89% 4/10 Yes 2.40 4.50% 0.84% 0.42% 4.15% 7.59% 52.75% Options Chain 1.80 2.93 0.05 12 62 None
17 CNQ Canadian Natural Resources Ltd 31.05 37.00 24.65 25.96% 6/13 No 2.20 7.14% 9.94% 4.85% 23.85% 23.68% 86.27% Options Chain 0.70 1.70 0.05 13 72 None
18 CFG Citizens Financial Group Inc 39.57 48.28 31.54 25.46% 4/30 Yes 1.68 4.22% 0.00% 0.00% 1.87% 17.29% 53.33% Options Chain 2.15 1.75 0.05 17 72 None
19 CVS CVS Health Corp 60.83 72.51 42.57 42.89% 4/22 No 2.66 4.42% 0.00% 0.00% 7.39% 7.12% 63.48% Options Chain 2.50 3.25 0.05 15 65 None
20 QCOM Qualcomm Inc 145.38 227.03 120.80 20.35% 6/05 No 3.40 2.31% 6.27% 3.09% 7.26% 17.18% 34.69% Options Chain 6.90 7.75 0.05 14 67 None
21 SLB SLB 33.66 49.94 31.11 8.20% 6/04 No 1.11 3.29% 3.64% 1.80% 22.88% 3.48% 37.63% Options Chain 1.25 1.77 0.05 11 68 None
22 OMC Omnicom Group Inc 73.13 105.28 69.13 5.79% 6/10 Yes 2.80 3.83% 0.00% 0.00% 0.00% 10.60% 38.25% Options Chain 2.83 3.80 0.05 14 70 None
23 DOC Healthpeak OP LLC 16.84 22.44 16.64 1.20% 6/16 No 3.21 19.07% 0.00% 0.00% 0.00% 0.00% 782.52% Options Chain 0.55 0.85 0.05 13 49 None
24 MTB M & T Bank Corp 179.44 222.74 136.86 31.11% 6/02 Yes 5.40 2.99% 0.93% 0.47% 4.66% 12.09% 36.14% Options Chain 6.50 9.05 0.05 14 79 None
25 PLD Prologis Inc 104.04 129.30 85.35 21.90% 6/17 Yes 3.89 3.70% 5.21% 2.57% 12.52% 4.21% 97.01% Options Chain 5.15 4.20 0.05 12 69 None
26 EOG EOG Resources Inc 110.18 136.61 101.59 8.46% 7/17 No 3.77 3.40% 7.14% 3.51% 24.71% 15.78% 34.91% Options Chain 5.45 4.75 0.05 17 77
Dividend Stock List
27 MRK Merck & Co Inc 77.58 131.54 73.31 5.82% 3/17 No 3.16 4.06% 3.85% 1.90% 5.25% 9.17% 45.93% Options Chain 3.58 3.83 0.05 15 73 None
28 TGT Target Corp 94.29 162.93 86.36 9.18% 5/14 No 4.48 4.71% 0.90% 0.45% 9.12% 11.54% 49.23% Options Chain 4.25 4.65 0.05 14 66 None
29 NEE NextEra Energy Inc 67.76 84.83 61.72 9.79% 6/02 No 2.11 3.15% 10.00% 4.88% 10.14% 5.68% 79.08% Options Chain 3.33 3.03 0.05 9 66 None
30 BKR Baker Hughes Co - Class A 36.74 48.85 30.23 21.53% 5/06 No 0.88 2.40% 9.52% 4.65% 6.32% 2.60% 30.03% Options Chain 1.75 1.80 0.05 12 66 None
31 OXY Occidental Petroleum Corp 41.29 63.87 34.78 18.72% 6/10 No 0.90 2.19% 9.09% 4.45% 121.34% -0.92% 36.44% Options Chain 2.02 1.97 0.05 12 67 None
32 NTRS Northern Trust Corp 105.78 113.77 77.86 35.86% 6/06 No 3.00 2.82% 0.00% 0.00% 1.74% 9.67% 28.01% Options Chain 3.40 5.10 0.05 20 64 None
33 FITB Fifth Third Bancorp 37.20 48.18 32.25 15.35% 3/31 Yes 1.46 3.85% 2.78% 1.38% 6.74% 8.29% 46.35% Options Chain 1.53 1.78 0.05 10 65 None
34 T AT&T Inc 27.42 28.73 16.26 68.63% 4/10 No 1.11 4.08% 0.00% 0.00% -14.53% 1.99% 68.10% Options Chain 0.75 1.31 0.05 10 66 None
35 CTRA Coterra Energy Inc 24.52 29.56 21.75 12.74% 5/15 No 0.86 3.52% 4.76% 2.35% 9.15% 13.36% 50.29% Options Chain 1.15 1.05 0.05 13 70 None
36 SU Suncor Energy Inc 35.71 40.86 30.79 15.98% 6/04 No 2.23 6.30% 3.40% 1.69% 21.39% 13.58% 63.90% Options Chain 1.20 1.65 0.05 16 80 None
37 EQNR Equinor ASA 23.82 26.71 20.70 15.07% 8/19 No 1.42 6.05% 9.63% 4.70% 27.50% 4.58% 44.94% Options Chain 1.05 1.10 0.05 13 68 None
38 CF CF Industries Holdings Inc 88.89 97.08 66.95 32.77% 5/15 No 2.00 2.25% 0.00% 0.00% 13.62% 30.77% 26.46% Options Chain 3.50 4.10 0.05 13 68 None
39 PCAR Paccar Inc 93.24 115.03 84.36 10.53% 5/14 No 3.96 4.20% 12.82% 6.22% 10.25% 9.67% 60.09% Options Chain 4.20 3.70 0.05 13 68 None
40 BDX Becton Dickinson & Company 171.38 250.85 163.33 4.93% 6/09 No 3.98 2.32% 6.94% 3.41% 5.48% 10.58% 77.13% Options Chain 5.95 7.70 0.04 12 63 None
41 GSK GSK Plc 38.66 43.19 31.01 24.67% 5/16 No 1.60 4.11% 10.10% 4.93% -11.09% 0.33% 78.40% Options Chain 1.30 1.73 0.04 12 54 None
42 CVX Chevron Corp 136.54 166.93 130.45 4.67% 5/19 No 6.68 4.94% 4.91% 2.42% 6.53% 6.15% 76.43% Options Chain 4.35 6.10 0.04 12 77 None
43 IRM Iron Mountain Inc 96.21 128.24 72.33 33.02% 6/16 No 2.87 2.99% 15.02% 7.25% 6.14% 15.23% 698.78% Options Chain 3.70 4.25 0.04 7 56 None
44 CVE Cenovus Energy Inc 13.63 20.39 10.23 33.24% 6/13 No 0.72 5.41% -1.84% -0.92% 73.89% 0.14% 66.06% Options Chain 0.58 0.60 0.04 14 72 None
45 UNM Unum Group 79.87 84.03 47.16 69.36% 4/25 No 1.68 2.11% 7.01% 3.44% 9.47% 5.73% 19.81% Options Chain 2.73 3.40 0.04 15 67 None
46 MET Metlife Inc 77.21 87.83 64.73 19.28% 5/06 No 2.20 2.84% 5.34% 2.63% 4.55% 7.13% 35.99% Options Chain 2.48 3.25 0.04 20 73 None
47 SPG Simon Property Group Inc 156.77 187.81 136.34 14.98% 6/09 No 8.25 5.22% 3.70% 1.84% 9.47% 5.13% 131.16% Options Chain 5.10 6.55 0.04 9 72 None
48 CCI Crown Castle Inc 100.16 117.05 82.81 20.95% 6/13 Yes 6.26 6.25% -32.11% -17.60% -6.07% 12.84% -69.48% Options Chain 4.15 3.85 0.04 4 54 None
49 TROW T. Rowe Price Group Inc 93.02 122.80 77.85 19.49% 6/13 No 4.99 5.28% 2.42% 1.20% 4.13% 17.19% 56.64% Options Chain 3.40 3.80 0.04 20 64
Dividend Stock List
50 XOM Exxon Mobil Corp 103.03 123.07 96.91 6.32% 5/15 No 3.92 3.81% 3.13% 1.55% 3.21% 5.80% 51.99% Options Chain 3.80 4.20 0.04 12 75 None
51 CINF Cincinnati Financial Corp 145.83 159.87 109.19 33.56% 6/23 No 3.30 2.27% 7.41% 3.64% 8.40% 8.98% 35.95% Options Chain 4.60 5.90 0.04 17 61
Dividend Stock List
52 BK Bank Of New York Mellon Corp 89.09 90.63 55.74 59.83% 4/21 Yes 1.88 2.11% 5.62% 2.77% 9.66% 6.12% 30.67% Options Chain 3.60 3.10 0.04 17 75 None
53 PM Philip Morris International Inc 178.19 178.70 94.71 88.14% 3/20 No 5.35 3.05% 1.89% 0.94% 2.46% 5.91% 84.38% Options Chain 5.30 7.15 0.04 10 67 None
54 VZ Verizon Communications Inc 43.32 46.61 36.47 18.78% 4/10 No 2.70 6.25% 1.40% 0.70% 1.81% 2.99% 64.23% Options Chain 1.05 1.73 0.04 14 72 None
55 BXP Boston Properties Inc 64.61 87.63 53.37 21.06% 3/31 No 3.92 6.07% 0.00% 0.00% 0.00% 3.36% -13,066.67% Options Chain 2.20 2.53 0.04 7 59 None
56 USB U.S. Bancorp. 42.94 52.79 35.18 22.06% 3/31 No 1.99 4.62% 1.01% 0.50% 3.25% 8.90% 49.26% Options Chain 1.66 1.61 0.04 15 68 None
57 MDLZ Mondelez International Inc - Class A 66.14 74.46 53.58 23.44% 6/30 No 1.83 2.80% 5.03% 2.48% 9.04% 5.42% 68.22% Options Chain 2.45 2.05 0.04 9 66 None
58 PAYX Paychex Inc 156.09 158.25 112.18 39.14% 5/12 Yes 4.02 2.57% 12.79% 6.20% 13.53% 24.65% 83.58% Options Chain 5.20 5.75 0.04 15 62 None
59 QSR Restaurant Brands International Inc 70.07 73.13 58.71 19.35% 6/24 No 2.36 3.40% 6.90% 3.39% 4.00% 23.10% 80.00% Options Chain 2.28 2.55 0.04 9 68 None
60 CMCSA Comcast Corp - Class A 34.52 44.53 31.44 9.80% 7/02 No 1.26 3.64% 8.20% 4.02% 7.73% 29.38% 31.03% Options Chain 1.18 1.23 0.04 12 64 None
61 RF Regions Financial Corp 21.24 27.41 17.18 23.63% 6/02 Yes 0.99 4.63% 2.04% 1.02% 11.37% -1.71% 47.83% Options Chain 0.70 0.75 0.04 14 71 None
62 MFC Manulife Financial Corp 31.21 32.30 22.37 39.52% 5/21 No 1.68 5.43% 10.00% 4.88% 10.75% 10.90% 88.42% Options Chain 1.10 1.10 0.04 14 68 None
63 VTR Ventas Inc 64.12 71.36 45.25 41.70% 6/30 No 1.83 2.88% 6.67% 3.28% 1.63% 2.96% 554.55% Options Chain 2.08 2.20 0.03 8 62 None
64 JNJ Johnson & Johnson 152.94 169.99 139.56 9.59% 5/27 Yes 4.96 3.25% 5.91% 2.91% 5.55% 13.03% 55.17% Options Chain 3.65 5.23 0.03 16 66 None
65 OKE Oneok Inc 81.14 115.36 74.35 9.13% 5/05 No 4.04 4.96% 4.04% 2.00% 2.45% 7.04% 78.91% Options Chain 2.50 2.73 0.03 13 74 None
66 TSN Tyson Foods Inc - Class A 55.55 65.82 52.36 6.09% 5/30 No 1.98 3.57% 1.52% 0.76% 2.74% 17.72% 77.04% Options Chain 1.85 1.55 0.03 13 62 None
67 NLY Annaly Capital Management Inc 18.79 21.36 16.59 13.26% 3/31 No 2.65 14.15% 7.69% 3.77% -5.56% -0.43% 288.04% Options Chain 0.62 0.48 0.03 11 62 None
68 UNP Union Pacific Corp 222.11 255.44 204.66 8.53% 5/30 No 5.32 2.39% 1.52% 0.75% 5.72% 8.43% 47.93% Options Chain 6.90 7.30 0.03 12 64 None
69 OHI Omega Healthcare Investors Inc 36.20 42.14 28.67 26.26% 5/05 No 2.68 7.44% 0.00% 0.00% 0.00% 1.02% 166.46% Options Chain 1.15 1.10 0.03 13 70 None
70 BMO Bank of Montreal 103.94 104.77 74.34 39.82% 4/29 Yes 6.28 6.04% 3.92% 1.94% 10.67% 5.29% 82.63% Options Chain 3.30 3.03 0.03 15 82 None
71 WY Weyerhaeuser Company 25.23 33.58 24.10 4.69% 5/30 No 0.81 3.21% 5.00% 2.47% -8.15% 2.22% 165.31% Options Chain 0.80 0.73 0.03 8 52 None
72 SYY Sysco Corp 71.47 81.12 67.12 6.48% 7/03 No 2.04 2.83% 6.93% 3.41% 4.09% 15.53% 52.71% Options Chain 2.08 2.13 0.03 14 55 None
73 CL Colgate-Palmolive Company 92.59 107.54 84.85 9.12% 4/17 No 2.02 2.22% 5.05% 2.49% 3.83% 8.64% 57.22% Options Chain 2.15 2.75 0.03 13 63 None
74 HON Honeywell International Inc 222.03 239.07 178.45 24.42% 5/16 No 4.47 2.00% 3.43% 1.70% 4.64% 6.16% 51.38% Options Chain 6.55 5.35 0.03 12 70 None
75 HBAN Huntington Bancshares Inc 15.32 18.09 11.54 32.76% 6/17 Yes 0.62 4.02% 0.00% 0.00% 0.61% 3.90% 47.69% Options Chain 0.45 0.45 0.03 12 66 None
76 TTE TotalEnergies SE 57.89 69.25 51.78 11.80% 6/18 No 3.39 5.83% 2.08% 1.03% 2.58% 1.07% 56.77% Options Chain 1.00 1.70 0.03 13 63 None
77 EQR Equity Residential Properties Trust 67.61 76.83 59.41 13.80% 3/31 No 2.72 3.98% 4.53% 2.24% 3.54% 3.41% 103.72% Options Chain 1.28 1.95 0.03 11 63 None
78 FNF Fidelity National Financial Inc 53.95 66.72 46.50 16.02% 6/16 No 1.96 3.66% 3.09% 1.53% 6.41% 2.85% 48.64% Options Chain 1.55 0.80 0.03 14 66 None
79 CHRW C.H. Robinson Worldwide Inc 95.75 114.09 80.67 18.69% 6/06 No 2.47 2.56% 0.81% 0.41% 4.50% 15.17% 58.95% Options Chain 2.48 2.73 0.03 14 55 None
80 MDT Medtronic Plc 80.68 95.49 74.13 8.84% 6/27 No 2.80 3.46% 1.79% 0.89% 3.55% 16.48% 77.56% Options Chain 2.28 2.25 0.03 11 66 None
81 AMT American Tower Corp 211.86 237.72 171.10 23.82% 6/13 No 6.56 3.10% 4.94% 2.44% 6.89% 17.88% 106.15% Options Chain 4.75 5.95 0.03 11 62 None
82 RY Royal Bank Of Canada 128.43 128.73 98.92 29.83% 4/24 Yes 5.80 4.58% 5.71% 2.82% 8.20% 8.38% 65.46% Options Chain 3.20 3.55 0.03 12 80 None
83 SSNC SS&C Technologies Holdings Inc 79.79 89.73 59.22 34.73% 6/02 No 2.11 2.67% 2.04% 1.02% 10.12% 16.39% 65.44% Options Chain 1.20 2.20 0.03 13 68 None
84 MCD McDonald`s Corp 314.57 326.32 239.28 31.47% 6/02 No 6.88 2.19% 4.42% 2.19% 7.76% 17.86% 60.78% Options Chain 8.18 8.63 0.03 8 66 None
85 MO Altria Group Inc 59.74 61.26 41.42 44.23% 6/16 No 4.04 6.81% 2.00% 1.00% 3.76% 8.12% 67.79% Options Chain 1.47 1.59 0.03 12 68 None
86 CLX Clorox Company 130.88 168.60 123.52 5.96% 4/23 No 4.88 3.73% 0.83% 0.41% 1.82% 8.97% 87.77% Options Chain 2.73 3.40 0.03 16 55 None
87 CM Canadian Imperial Bank Of Commerce 68.16 68.35 44.83 52.04% 3/28 Yes 3.74 5.59% 5.72% 2.82% 6.69% 5.18% 67.51% Options Chain 1.40 1.68 0.02 13 77 None
88 CSCO Cisco Systems Inc 63.11 66.06 43.57 44.85% 7/03 No 1.61 2.54% 3.14% 1.56% 2.77% 11.09% 65.71% Options Chain 1.54 1.29 0.02 10 69 None
89 KHC Kraft Heinz Company 26.30 35.61 26.01 1.11% 5/30 No 1.60 6.04% 0.00% 0.00% 0.00% -4.69% 73.06% Options Chain 0.52 0.63 0.02 11 71 None
90 ITW Illinois Tool Works Inc 241.84 276.43 214.66 12.66% 6/30 No 5.90 2.41% 3.45% 1.71% 6.18% 13.63% 51.98% Options Chain 5.55 4.90 0.02 12 62 None
91 WPC W. P. Carey Inc 61.37 65.16 51.58 18.98% 3/31 No 3.52 5.84% 2.01% 1.00% -4.08% 2.92% 181.19% Options Chain 0.53 1.33 0.02 9 60 None
92 KIM Kimco Realty Corporation 20.48 25.28 17.19 19.14% 6/06 No 0.98 4.75% 3.09% 1.53% 10.12% 3.55% 128.95% Options Chain 0.15 0.43 0.02 11 60 None
93 MPLX MPLX LP 50.61 53.81 37.00 36.78% 5/09 No 3.72 7.39% 9.11% 4.46% 8.43% 11.76% 85.90% Options Chain 0.38 1.05 0.02 12 72 None
94 O Realty Income Corp 55.53 62.79 48.20 15.21% 6/02 No 3.17 5.75% 5.33% 2.63% 3.56% 3.03% 288.64% Options Chain 0.73 1.10 0.02 11 61 None
95 GLPI Gaming and Leisure Properties Inc 46.23 51.44 40.77 13.39% 6/13 No 3.04 6.60% 2.63% 1.31% 4.07% 3.87% 107.42% Options Chain 0.70 0.90 0.02 12 73 None
96 PG Procter & Gamble Company 165.86 178.84 155.17 6.89% 4/21 No 4.08 2.47% 6.74% 3.32% 5.59% 8.68% 64.70% Options Chain 3.18 3.18 0.02 12 71 None
97 VICI VICI Properties Inc 31.47 34.29 27.53 14.31% 3/20 No 1.71 5.49% 2.06% 1.03% 5.81% 9.24% 68.50% Options Chain 0.45 0.35 0.01 10 78 None
98 K Kellanova Company 82.39 83.22 54.79 50.37% 6/02 No 2.27 2.77% 0.88% 0.44% -0.33% 5.91% 57.18% Options Chain 0.70 0.01 14 59 None
99 NTES NetEase Inc 119.75 123.56 74.58 60.57% 5/30 No 2.59 2.17% 10.44% 5.09% 34.50% 17.39% 37.09% Options Chain 22 33
Dividend Stock List