Best Dividend Stocks for Option Income with Upcoming Dividends

This report lists what Tim considers to be the best dividend stocks for producing option income that have an upcoming ex-dividend date. 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, and have an upcoming ex-dividend date within the next 45 days. Finally, the stock's current price must be within 25% or lower of its 52-week low. 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 on, with an upcoming ex-dividend date. 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 TGT Target Corp 99.77 162.93 86.36 15.53% 8/13 Yes 4.48 4.30% 2.70% 1.34% 9.60% 11.54% 49.23% Options Chain 6.35 7.83 0.08 14 64 None
2 SCCO Southern Copper Corporation 91.66 117.14 73.59 24.55% 8/15 No 2.67 2.76% -16.80% -8.79% 22.05% 10.94% 59.41% Options Chain 4.90 6.15 0.07 12 66 None
3 TSN Tyson Foods Inc - Class A 52.53 65.23 52.23 0.57% 8/29 Yes 1.99 3.71% 1.52% 0.76% 2.74% 17.72% 77.43% Options Chain 1.88 3.43 0.07 13 64 None
4 BDX Becton Dickinson & Company 178.29 249.34 162.35 9.82% 9/08 Yes 4.07 2.23% 6.94% 3.41% 5.48% 10.58% 79.03% Options Chain 9.30 10.25 0.06 11 62 None
5 QCOM Qualcomm Inc 148.19 179.10 120.08 23.41% 9/04 No 3.44 2.12% 6.27% 3.09% 7.26% 17.18% 34.50% Options Chain 5.38 7.13 0.05 13 67 None
6 MRK Merck & Co Inc 79.29 116.37 72.58 9.24% 9/15 No 3.20 3.87% 3.85% 1.90% 5.25% 9.17% 46.51% Options Chain 3.02 3.78 0.05 14 73 None
7 MET Metlife Inc 74.01 87.83 64.73 14.34% 8/05 No 2.20 2.84% 5.34% 2.63% 4.55% 7.13% 35.99% Options Chain 2.28 3.50 0.05 20 73 None
8 SLB SLB 33.05 45.17 30.85 7.13% 9/03 No 1.12 3.14% 3.64% 1.80% 22.88% 3.48% 38.36% Options Chain 1.50 1.39 0.05 11 69 None
9 OMC Omnicom Group Inc 71.11 104.25 68.37 4.01% 9/02 No 2.80 3.77% 0.00% 0.00% 0.00% 10.60% 40.06% Options Chain 2.15 3.20 0.05 14 68 None
10 PCAR Paccar Inc 96.48 115.03 84.36 14.37% 8/14 No 3.96 3.98% 12.82% 6.22% 10.25% 9.67% 67.92% Options Chain 3.80 3.95 0.04 12 70 None
11 KHC Kraft Heinz Company 27.41 35.08 25.44 7.74% 8/29 No 1.60 5.60% 0.00% 0.00% 0.00% -4.69% 73.06% Options Chain 0.87 1.08 0.04 6 60 None
12 PFG Principal Financial Group Inc 75.53 89.50 67.72 11.53% 9/04 No 2.96 3.69% 9.47% 4.63% 6.34% 11.40% 63.38% Options Chain 2.93 2.53 0.04 16 71 None
13 EQNR Equinor ASA 25.45 28.27 20.70 22.95% 8/19 No 1.42 5.25% 8.15% 15.21% 27.07% 4.93% 47.02% Options Chain 0.73 0.93 0.04 11 62 None
14 OHI Omega Healthcare Investors Inc 39.95 42.15 33.92 17.78% 8/04 No 2.68 6.85% 0.00% 0.00% 0.00% 1.02% 166.46% Options Chain 0.85 1.38 0.03 13 72 None
15 MCD McDonald`s Corp 302.89 324.48 259.23 16.84% 9/02 Yes 6.98 2.31% 4.42% 2.19% 7.76% 17.86% 61.55% Options Chain 8.38 10.40 0.03 8 66 None
16 HON Honeywell International Inc 217.71 241.72 178.45 22.00% 8/15 No 4.47 2.02% 3.43% 1.70% 4.64% 6.16% 50.85% Options Chain 4.85 6.90 0.03 13 71 None
17 CNI Canadian National Railway Company 93.45 118.95 91.08 2.60% 9/08 No 3.46 3.64% 5.03% 2.48% 9.60% 15.33% 65.01% Options Chain 1.73 2.03 0.02 12 68 None
18 JNJ Johnson & Johnson 167.33 169.99 138.38 20.92% 8/26 No 5.02 2.99% 5.91% 2.91% 5.55% 13.03% 53.75% Options Chain 2.53 3.10 0.02 12 73 None
19 DOC Healthpeak OP LLC 16.77 22.19 16.45 1.95% 8/18 No 2.81 16.19% 0.00% 0.00% 0.00% 0.00% 1,171.53% Options Chain 0.28 0.02 9 48 None