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 FDX Fedex Corp 231.27 303.39 193.05 19.80% 9/08 Yes 5.59 2.42% 7.41% 3.64% 18.92% 16.72% 33.27% Options Chain 13.13 14.90 0.06 12 63 None
2 NTES NetEase Inc 136.19 141.45 74.17 83.62% 8/28 No 2.90 2.11% -6.74% -3.43% 28.93% 17.39% 39.03% Options Chain 5.30 8.45 0.06 21 29
Dividend Stock List
3 OVV Ovintiv Inc 42.12 46.13 29.58 42.39% 9/15 No 1.20 2.86% 0.00% 0.00% 26.58% 3.06% 52.86% Options Chain 2.13 2.60 0.06 8 74 None
4 ACN Accenture plc - Class A 259.97 394.41 236.67 9.84% 7/10 Yes 5.92 2.30% 10.65% 5.19% 13.16% 13.01% 47.10% Options Chain 13.55 15.55 0.06 18 65 None
5 HAL Halliburton Company 22.63 31.90 18.56 21.93% 9/03 No 0.68 3.00% 0.00% 0.00% 39.41% 2.18% 31.92% Options Chain 1.05 1.34 0.06 12 64 None
6 SLB SLB 36.84 45.17 30.85 19.42% 9/03 Yes 1.12 3.07% 3.64% 1.80% 22.88% 3.48% 38.36% Options Chain 1.41 2.07 0.06 11 69 None
7 UNH Unitedhealth Group Inc 309.87 621.24 234.60 32.08% 9/15 Yes 8.51 2.82% 8.07% 3.96% 12.09% 23.95% 36.86% Options Chain 17.15 17.38 0.06 13 69 None
8 FHN First Horizon Corporation 22.70 23.00 14.41 57.53% 9/12 Yes 0.60 2.64% 0.00% 0.00% 0.00% 4.06% 38.71% Options Chain 0.83 1.25 0.06 15 68 None
9 ARE Alexandria Real Estate Equities Inc 82.44 118.73 66.16 24.61% 6/30 No 5.26 6.37% 1.73% 0.86% 4.19% 3.89% -4,046.15% Options Chain 3.60 4.50 0.05 10 65 None
10 GIS General Mills Inc 48.44 72.85 48.29 0.31% 7/10 Yes 2.41 4.98% 2.52% 1.25% 4.58% 7.59% 58.78% Options Chain 1.65 2.50 0.05 11 62 None
11 CG Carlyle Group Inc (The) 64.56 65.61 32.60 98.04% 8/18 No 1.40 2.17% 0.00% 0.00% 8.78% 0.47% 40.94% Options Chain 3.10 3.20 0.05 15 67 None
12 MRK Merck & Co Inc 83.21 116.37 72.58 14.65% 9/15 No 3.20 3.85% 3.85% 1.90% 5.25% 9.17% 49.31% Options Chain 2.90 4.05 0.05 14 73 None
13 DKS Dicks Sporting Goods Inc 215.08 251.46 165.28 30.13% 6/13 No 4.62 2.15% 10.23% 4.99% 31.95% 19.87% 33.06% Options Chain 7.90 10.35 0.05 12 73 None
14 DRI Darden Restaurants Inc 206.71 226.68 149.31 38.44% 7/10 Yes 5.70 2.76% 10.70% 5.21% 14.84% 13.99% 64.12% Options Chain 6.80 9.75 0.05 12 66 None
15 OMC Omnicom Group Inc 78.33 104.25 68.37 14.57% 9/02 No 2.80 3.60% 0.00% 0.00% 0.00% 10.60% 40.06% Options Chain 3.50 2.90 0.04 14 69 None
16 EQNR Equinor ASA 24.49 27.84 20.38 20.17% 11/14 No 1.44 5.88% 8.15% 15.21% 27.07% 4.93% 47.68% Options Chain 0.80 1.08 0.04 11 62 None
17 HBAN Huntington Bancshares Inc 17.80 17.92 11.80 50.85% 9/17 Yes 0.62 3.48% 0.00% 0.00% 0.61% 3.90% 46.27% Options Chain 0.55 0.78 0.04 11 66 None
18 PLD Prologis Inc 113.78 128.08 84.54 34.59% 6/17 Yes 3.94 3.50% 5.21% 2.57% 12.52% 4.21% 106.20% Options Chain 3.40 4.95 0.04 10 69 None
19 DG Dollar General Corp 111.71 117.95 65.67 70.11% 7/08 No 2.36 2.11% 0.00% -5.09% 13.95% 13.12% 45.04% Options Chain 4.65 4.83 0.04 13 62 None
20 COP Conoco Phillips 98.45 112.56 78.56 25.32% 8/18 No 3.12 3.17% 0.00% 0.00% 12.47% 5.93% 41.82% Options Chain 3.78 4.23 0.04 10 76 None
21 MKC McCormick & Co. Inc (Non Voting) 69.86 85.22 68.23 2.39% 7/07 Yes 1.77 2.53% 5.26% 2.60% 6.68% 11.16% 61.67% Options Chain 2.95 2.53 0.04 11 61 None
22 CF CF Industries Holdings Inc 86.63 103.84 66.56 30.15% 8/15 No 2.00 2.29% 0.00% 0.00% 13.62% 30.77% 26.21% Options Chain 3.20 3.65 0.04 13 66 None
23 TGT Target Corp 95.98 155.50 85.44 12.34% 8/13 No 4.50 4.65% 2.70% 1.34% 9.60% 11.54% 52.45% Options Chain 4.00 4.03 0.04 12 66 None
24 BXP Boston Properties Inc 72.51 86.38 53.45 35.66% 6/30 No 3.92 5.47% 0.00% 0.00% 0.00% 3.36% 19,600.00% Options Chain 2.63 3.03 0.04 8 60 None
25 QCOM Qualcomm Inc 160.73 179.10 120.08 33.85% 9/04 No 3.44 2.14% 6.27% 3.09% 7.26% 17.18% 33.20% Options Chain 6.68 5.85 0.04 13 65 None
26 BKR Baker Hughes Co - Class A 45.40 48.60 31.55 43.90% 8/05 No 0.90 2.00% 9.52% 4.65% 6.32% 2.60% 29.41% Options Chain 1.50 1.85 0.04 13 67 None
27 CFG Citizens Financial Group Inc 52.28 52.52 31.96 63.58% 7/31 Yes 1.68 3.22% 0.00% 0.00% 1.87% 17.29% 51.22% Options Chain 2.13 2.03 0.04 14 80 None
28 MPC Marathon Petroleum Corp 179.30 182.09 113.82 57.53% 8/20 No 3.64 2.03% 7.53% 3.70% 11.92% 15.51% 52.83% Options Chain 7.30 6.70 0.04 11 68 None
29 CLX Clorox Company 117.94 166.90 116.17 1.52% 8/13 No 4.90 4.15% 2.48% 1.23% 2.24% 8.97% 75.15% Options Chain 3.65 4.70 0.04 14 59 None
30 CCI Crown Castle Inc 99.14 115.80 81.93 21.01% 9/15 Yes 5.76 5.89% -32.11% -17.60% -6.07% 12.84% -63.97% Options Chain 2.68 3.95 0.04 5 55 None
31 PCAR Paccar Inc 99.98 114.66 84.08 18.91% 8/14 No 3.99 3.96% 12.82% 6.22% 10.25% 9.67% 68.44% Options Chain 3.95 3.40 0.04 13 70 None
32 TFC Truist Financial Corporation 46.82 47.29 32.72 43.09% 8/08 Yes 2.08 4.45% 0.00% 0.00% 2.83% 7.27% 56.37% Options Chain 1.50 1.83 0.04 16 66 None
33 CNQ Canadian Natural Resources Ltd 31.49 36.49 24.34 29.38% 9/19 No 2.26 7.18% 9.94% 4.85% 23.85% 23.68% 79.39% Options Chain 0.70 1.23 0.04 13 71 None
34 FITB Fifth Third Bancorp 45.60 47.75 31.96 42.68% 6/30 Yes 1.48 3.25% 2.78% 1.38% 6.74% 8.29% 46.11% Options Chain 1.40 1.78 0.04 9 72 None
35 ADM Archer Daniels Midland Company 62.64 64.38 40.22 55.74% 8/20 No 2.03 3.24% 2.00% 1.00% 8.35% 14.99% 88.26% Options Chain 2.43 2.00 0.04 12 59 None
36 WY Weyerhaeuser Company 25.87 33.31 23.91 8.20% 8/29 No 0.83 3.20% 5.00% 2.47% -8.15% 2.22% 218.42% Options Chain 1.00 0.98 0.04 7 51 None
37 CVS CVS Health Corp 72.14 73.22 42.12 71.27% 7/22 No 2.66 3.69% 0.00% 0.00% 7.39% 7.12% 74.09% Options Chain 2.41 2.76 0.04 12 65 None
38 GILD Gilead Sciences Inc 112.56 121.83 75.31 49.46% 9/15 No 3.12 2.77% 2.60% 1.29% 2.71% 6.65% 61.78% Options Chain 4.25 4.28 0.04 12 72 None
39 PAYX Paychex Inc 139.46 160.03 125.38 11.23% 7/21 Yes 4.12 2.97% 12.79% 6.20% 13.53% 24.65% 89.96% Options Chain 5.20 5.05 0.04 8 63 None
40 CMCSA Comcast Corp - Class A 33.57 44.12 31.03 8.19% 10/01 No 1.28 3.81% 6.56% 6.79% 7.32% 28.34% 21.23% Options Chain 1.02 1.25 0.04 15 64 None
41 NTR Nutrien Ltd 57.62 64.47 42.34 36.09% 9/29 No 2.17 3.69% 0.93% 0.46% 4.33% 10.19% 78.06% Options Chain 2.03 2.13 0.04 13 66 None
42 KDP Keurig Dr Pepper Inc 29.29 37.26 28.70 2.06% 6/27 No 0.92 3.14% 5.14% 2.54% 8.05% -0.22% 81.42% Options Chain 1.08 1.05 0.04 10 60 None
43 EOG EOG Resources Inc 124.34 135.49 100.76 23.40% 10/17 No 3.83 3.08% 8.38% 9.34% 25.07% 15.56% 37.20% Options Chain 4.50 4.55 0.04 12 76 None
44 LMT Lockheed Martin Corp 456.18 606.41 410.11 11.23% 9/02 No 13.05 2.86% 3.53% 1.75% 5.64% 10.52% 73.27% Options Chain 12.90 16.25 0.04 10 66 None
45 BDX Becton Dickinson & Company 192.98 249.34 162.35 18.87% 9/08 No 4.07 2.08% 6.94% 3.41% 5.48% 10.58% 74.41% Options Chain 4.70 6.65 0.03 13 59 None
46 NLY Annaly Capital Management Inc 21.19 21.20 16.00 32.44% 6/30 No 2.70 12.86% 7.69% 3.77% -5.56% -0.43% 259.62% Options Chain 0.53 0.72 0.03 11 66 None
47 MDLZ Mondelez International Inc - Class A 61.28 73.94 53.20 15.19% 9/30 No 1.88 3.07% 11.73% 5.70% 10.74% 5.42% 68.86% Options Chain 1.83 2.08 0.03 10 61 None
48 USB U.S. Bancorp. 48.83 52.21 34.80 40.32% 6/30 No 2.00 4.11% 1.01% 0.50% 3.25% 8.90% 47.85% Options Chain 1.35 1.65 0.03 14 72 None
49 MET Metlife Inc 80.80 87.16 64.24 25.78% 8/05 No 2.23 2.75% 5.34% 2.63% 4.55% 7.13% 37.78% Options Chain 2.10 2.73 0.03 18 72 None
50 UNM Unum Group 69.86 83.55 51.50 35.65% 7/25 No 1.72 2.48% 17.20% 8.26% 11.98% 5.73% 20.62% Options Chain 2.35 2.13 0.03 18 70 None
51 RF Regions Financial Corp 27.39 27.54 17.53 56.25% 9/02 Yes 1.00 3.66% 8.16% 4.00% 13.01% -1.71% 46.73% Options Chain 0.70 0.90 0.03 12 69 None
52 FNF Fidelity National Financial Inc 59.62 66.12 50.61 17.80% 9/16 No 1.98 3.32% 3.09% 1.53% 6.41% 2.85% 50.38% Options Chain 1.63 1.95 0.03 15 65 None
53 MAA Mid-America Apartment Communities Inc 144.13 170.00 137.32 4.96% 7/15 No 6.01 4.17% 3.06% 1.52% 10.26% 3.79% 123.77% Options Chain 4.70 3.90 0.03 11 63 None
54 SU Suncor Energy Inc 41.30 41.48 30.44 35.68% 9/04 No 2.25 5.42% 3.40% 1.69% 21.39% 13.58% 68.96% Options Chain 1.33 1.15 0.03 11 72 None
55 CVX Chevron Corp 159.32 165.09 129.01 23.49% 8/19 No 6.76 4.24% 4.91% 2.42% 6.53% 6.15% 87.00% Options Chain 3.20 5.05 0.03 11 72 None
56 AMGN AMGEN Inc 287.71 330.26 247.06 16.45% 8/22 No 9.39 3.29% 5.78% 2.85% 7.84% 16.50% 76.72% Options Chain 8.50 9.05 0.03 13 71 None
57 XOM Exxon Mobil Corp 114.29 121.93 96.01 19.04% 8/15 No 3.96 3.49% 3.13% 1.55% 3.21% 5.80% 56.25% Options Chain 3.13 3.58 0.03 11 75 None
58 KIM Kimco Realty Corporation 22.40 24.97 17.71 26.48% 9/05 No 0.99 4.42% 3.09% 1.53% 10.12% 3.55% 120.73% Options Chain 0.55 0.70 0.03 10 65 None
59 PM Philip Morris International Inc 167.13 185.29 114.24 46.30% 6/27 No 5.40 3.26% 1.89% 0.94% 2.46% 5.91% 79.88% Options Chain 4.50 5.20 0.03 10 70 None
60 HD Home Depot Inc 407.45 431.63 324.29 25.64% 9/04 No 9.10 2.23% 2.22% 1.11% 8.66% 28.30% 61.86% Options Chain 11.93 12.53 0.03 9 66 None
61 UNP Union Pacific Corp 223.57 253.90 203.43 9.90% 8/29 No 5.40 2.43% 4.55% 2.25% 6.51% 8.43% 46.87% Options Chain 6.65 6.75 0.03 12 64 None
62 CVE Cenovus Energy Inc 16.95 18.09 10.13 67.32% 9/15 No 0.74 4.37% -1.84% -0.92% 73.89% 0.14% 71.15% Options Chain 0.50 0.45 0.03 12 64 None
63 TTE TotalEnergies SE 62.75 66.80 51.01 23.02% 9/30 No 3.54 5.70% 2.08% 1.03% 2.58% 1.07% 64.14% Options Chain 1.85 1.70 0.03 12 62 None
64 MFC Manulife Financial Corp 30.67 32.17 25.39 20.80% 8/20 No 1.72 5.61% 10.00% 4.88% 10.75% 10.90% 76.79% Options Chain 0.85 0.90 0.03 17 71 None
65 SYY Sysco Corp 80.47 82.64 66.65 20.74% 10/03 No 2.07 2.60% 3.96% 2.99% 3.36% 15.19% 55.50% Options Chain 2.33 1.85 0.03 12 64 None
66 SPG Simon Property Group Inc 180.66 185.37 134.57 34.25% 9/09 No 8.35 4.66% 6.17% 3.04% 10.11% 5.13% 129.06% Options Chain 4.70 5.20 0.03 10 72 None
67 OKE Oneok Inc 76.38 113.92 72.18 5.82% 8/01 No 4.08 5.38% 4.04% 2.00% 2.45% 7.04% 79.53% Options Chain 1.58 2.15 0.03 14 75 None
68 CSCO Cisco Systems Inc 69.43 72.55 46.57 49.09% 10/03 No 1.62 2.33% 2.52% 2.55% 2.62% 10.35% 62.07% Options Chain 1.94 1.75 0.03 12 66 None
69 MO Altria Group Inc 66.42 68.60 46.28 43.52% 9/15 No 4.08 6.14% 6.00% 2.96% 4.76% 8.12% 78.92% Options Chain 1.37 1.84 0.03 11 66 None
70 VZ Verizon Communications Inc 44.23 45.87 36.41 21.48% 7/10 No 2.71 6.17% 1.40% 0.70% 1.81% 2.99% 63.02% Options Chain 1.21 1.16 0.03 14 72 None
71 HON Honeywell International Inc 221.35 240.47 177.52 24.69% 8/15 No 4.52 2.04% 3.43% 1.70% 4.64% 6.16% 51.42% Options Chain 5.95 5.25 0.03 13 69 None
72 MGA Magna International Inc 45.95 46.75 29.66 54.92% 8/15 No 1.93 4.20% 2.11% 1.05% 3.05% 9.20% 45.31% Options Chain 1.20 1.23 0.03 15 62 None
73 DLR Digital Realty Trust Inc 168.57 193.72 129.05 30.62% 9/15 No 4.88 2.89% 0.00% 0.00% 1.27% 8.72% 128.08% Options Chain 4.15 4.50 0.03 11 67 None
74 OHI Omega Healthcare Investors Inc 42.57 42.80 33.83 25.84% 8/04 No 2.68 6.35% 0.00% 0.00% 0.00% 1.02% 165.43% Options Chain 0.90 1.13 0.03 12 70 None
75 MDT Medtronic Plc 91.96 94.71 77.57 18.55% 9/26 No 2.81 3.06% 1.79% 0.89% 3.55% 16.48% 77.62% Options Chain 2.40 2.44 0.03 14 62 None
76 TD Toronto Dominion Bank 75.14 76.50 49.38 52.17% 7/10 Yes 4.17 5.72% 2.94% 4.58% 7.37% 9.53% 59.83% Options Chain 1.98 1.93 0.03 14 81 None
77 MCD McDonald`s Corp 312.22 324.48 273.39 14.20% 9/02 No 6.98 2.24% 4.42% 2.19% 7.76% 17.86% 59.81% Options Chain 6.55 8.03 0.03 10 66 None
78 T AT&T Inc 29.29 29.65 18.81 55.72% 7/10 No 1.11 3.84% 0.00% 0.00% -14.53% 1.99% 63.43% Options Chain 0.51 0.75 0.03 11 65 None
79 LAMR Lamar Advertising Co - Class A 126.13 134.38 98.54 28.00% 9/19 No 4.75 3.77% 14.81% 7.15% 15.37% 7.79% 110.98% Options Chain 2.20 3.13 0.02 12 59 None
80 VTR Ventas Inc 68.08 70.82 55.85 21.90% 6/30 No 1.86 2.75% 6.67% 3.28% 1.63% 2.96% 432.56% Options Chain 0.90 1.68 0.02 9 64 None
81 AMT American Tower Corp 203.85 235.86 169.77 20.07% 6/13 No 6.64 3.24% 4.94% 2.44% 6.89% 17.88% 124.11% Options Chain 3.75 4.90 0.02 11 62 None
82 TROW T. Rowe Price Group Inc 107.62 121.15 76.80 40.13% 9/15 No 5.02 4.64% 2.42% 1.20% 4.13% 17.19% 56.28% Options Chain 2.03 2.55 0.02 21 61
Dividend Stock List
83 PSA Public Storage. 294.59 359.28 254.04 15.96% 9/15 No 12.00 4.11% 0.00% 0.00% 10.67% 4.87% 130.86% Options Chain 5.05 6.90 0.02 9 60 None
84 CNI Canadian National Railway Company 96.10 118.95 91.08 5.51% 9/08 No 3.46 3.61% 5.03% 2.48% 9.60% 15.33% 66.13% Options Chain 1.48 2.20 0.02 12 67 None
85 CM Canadian Imperial Bank Of Commerce 77.02 77.73 53.09 45.07% 6/27 No 3.81 4.95% 5.72% 2.82% 6.69% 5.18% 66.26% Options Chain 1.53 1.75 0.02 13 76 None
86 PG Procter & Gamble Company 157.04 177.63 149.91 4.76% 7/18 Yes 4.13 2.65% 6.74% 3.32% 5.59% 8.68% 63.49% Options Chain 3.35 3.00 0.02 11 71 None
87 DOC Healthpeak OP LLC 17.86 22.06 16.35 9.24% 9/19 No 2.61 14.63% 0.00% 0.00% 0.00% 0.00% 1,088.90% Options Chain 0.38 0.02 9 47 None
88 JNJ Johnson & Johnson 175.45 179.84 137.37 27.72% 8/26 Yes 5.08 2.90% 5.91% 2.91% 5.55% 13.03% 54.33% Options Chain 3.23 2.84 0.02 12 75 None
89 RY Royal Bank Of Canada 145.36 147.64 104.30 39.37% 10/27 Yes 5.92 4.06% 7.86% 6.35% 8.74% 8.37% 62.05% Options Chain 1.40 2.63 0.02 11 73 None
90 ITW Illinois Tool Works Inc 265.75 274.76 213.36 24.55% 9/30 No 6.00 2.26% 11.03% 5.37% 8.08% 13.63% 52.63% Options Chain 4.05 4.50 0.02 13 63 None
91 UL Unilever plc 63.20 64.57 52.97 19.31% 8/15 No 1.99 3.18% 11.97% 5.82% 0.73% 3.75% 75.78% Options Chain 0.83 1.00 0.02 11 64 None
92 AGNC AGNC Investment Corp 9.76 9.80 7.36 32.61% 8/29 No 1.44 14.69% 0.00% 0.00% 0.00% -5.86% 480.00% Options Chain 0.12 0.15 0.02 13 56 None
93 WPC W. P. Carey Inc 67.10 67.40 51.06 31.41% 6/30 No 3.54 5.33% 3.15% 1.56% -3.81% 2.92% 233.22% Options Chain 0.35 1.00 0.01 7 65 None
94 REG Regency Centers Corporation 72.50 76.68 62.82 15.41% 9/11 No 2.79 3.86% 3.87% 1.92% 4.01% 2.29% 130.14% Options Chain 1.03 0.01 12 70 None
95 O Realty Income Corp 58.76 61.90 49.76 18.09% 9/02 No 3.19 5.49% 5.52% 2.73% 3.61% 3.03% 310.00% Options Chain 0.58 0.83 0.01 9 61 None
96 VICI VICI Properties Inc 33.78 34.01 27.24 24.01% 6/18 No 1.73 5.16% 2.06% 1.03% 5.81% 9.24% 66.28% Options Chain 0.23 0.35 0.01 12 79 None
97 AMH American Homes 4 Rent - Class A 35.82 40.44 31.42 14.00% 9/15 No 1.12 3.15% 15.38% 7.42% 31.61% 17.92% 100.90% Options Chain 11 57 None
98 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 13 48 None