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Dividend Contenders: Emerging Leaders in Options Income Strategy

Introduction

Dividend Contenders represent the next generation of dividend-growth companies. These are businesses that have increased their dividend payouts to shareholders for 10 to 24 consecutive years—not yet qualifying for Champion status but demonstrating strong momentum and potential to join the elite ranks. This category often includes some of the most dynamic and fastest-growing companies in the market.

For options traders, Dividend Contenders can offer the best of both worlds: the excitement of growth stocks with the stability that comes from a consistent dividend policy. Their shorter track records are often compensated by higher growth rates and more volatile price action—perfect conditions for cash-secured puts and covered calls strategies.

The Contender Advantage: Growth Meets Income

Dividend Contenders often represent companies in their prime growth phases that have developed sufficient cash flow consistency to support regular dividend increases. This unique position offers several advantages:

  • Technology leaders like NVIDIA, Amazon, and Meta that have matured into dividend payers
  • High-growth healthcare and biotech companies building dividend track records
  • Emerging market leaders in sectors like cloud computing, semiconductors, and renewable energy
  • Financial services innovators adapting to digital transformation

These companies typically offer higher volatility than mature dividend aristocrats, creating more lucrative opportunities for premium generation through options strategies.

Options Strategy Benefits with Contenders

The unique characteristics of Dividend Contenders make them particularly attractive for options income strategies:

  1. Premium volatility - Higher price swings generate larger option premiums than mature dividend stocks
  2. Growth upside - Potential for significant capital appreciation if called away
  3. Institutional interest - Growing recognition leads to increasing institutional ownership and liquidity
  4. Earnings momentum - Strong earnings growth often supports both stock prices and dividend increases
  5. Sector diversification - Access to high-growth sectors often underrepresented in traditional dividend portfolios

While the dividend yields may be modest, the combination of growth potential and option premiums can deliver superior total returns compared to traditional income investing approaches.

List of Dividend Contenders - As of 2025

Companies with 10-24 years of consecutive dividend increases (360 stocks):

  • CHCT - Community Healthcare Trust
  • DKL - Delek Logistics Partners
  • LYB - LyondellBasell Industries
  • CCOI - Cogent Communications
  • MPLX - MPLX
  • NSA - National Storage Affiliates
  • ARE - Alexandria Real Estate
  • PFE - Pfizer
  • GTY - Getty Realty
  • GLPI - Gaming and Leisure Properties
  • EIX - Edison International
  • UPS - United Parcel Service
  • VZ - Verizon Communications
  • FLO - Flowers Foods
  • SGU - Star Group
  • AES - AES Corporation
  • NXRT - NexPoint Residential Trust
  • HVT - Haverty Furniture
  • RHI - Robert Half
  • CNQ - Canadian Natural Resources
  • FNLC - First Bancorp
  • LAND - Gladstone Land
  • BBY - Best Buy
  • BMY - Bristol-Myers Squibb
  • FCPT - Four Corners Property Trust
  • IPG - Interpublic Group
  • BIP - Brookfield Infrastructure Partners
  • PEBO - Peoples Bancorp
  • AVA - Avista Corporation
  • POR - Portland General Electric
  • NWE - NorthWestern Energy
  • PRU - Prudential Financial
  • UBCP - United Bancorp
  • CUBE - CubeSmart
  • MAIN - Main Street Capital
  • LCII - LCI Industries
  • MGA - Magna International
  • REXR - Rexford Industrial Realty
  • HPQ - HP
  • ALE - Allete
  • WSBC - WesBanco
  • PRGO - Perrigo Company
  • CTRE - CareTrust REIT
  • SFNC - Simmons First National
  • SR - Spire
  • EMN - Eastman Chemical
  • JOUT - Johnson Outdoors
  • MFC - Manulife Financial
  • NXST - Nexstar Media Group
  • UDR - UDR
  • TRN - Trinity Industries
  • USB - U.S. Bancorp
  • AUB - Atlantic Union Bankshares
  • STAG - Stag Industrial
  • AGM.A - Federal Agricultural Mortgage Class A
  • HI - Hillenbrand
  • RF - Regions Financial
  • BHB - Bar Harbor Bankshares
  • MAA - Mid-America Apartment Communities
  • REG - Regency Centers
  • XRAY - DENTSPLY SIRONA
  • MRK - Merck
  • NSP - Insperity
  • PNW - Pinnacle West Capital
  • DGICB - Donegal Group Class B
  • EVRG - Evergy
  • DGICA - Donegal Group Class A
  • OGE - OGE Energy
  • FULT - Fulton Financial
  • PLD - Prologis
  • PSX - Phillips 66
  • HFWA - Heritage Financial
  • PFG - Principal Financial Group
  • HFBL - Home Federal Bancorp
  • COFS - ChoiceOne Financial Services
  • CMCSA - Comcast
  • CPT - Camden Property Trust
  • OGS - ONE Gas
  • SWKS - Skyworks Solutions
  • FR - First Industrial Realty Trust
  • QSR - Restaurant Brands International
  • INDB - Independent Bank Corp
  • ASB - Associated Banc-Corp
  • TSN - Tyson Foods
  • AMSF - AMERISAFE
  • FRME - First Merchants
  • AEP - American Electric Power
  • DUK - Duke Energy
  • OTEX - Open Text
  • WAFD - WaFd
  • ABBV - AbbVie
  • UTL - Unitil
  • FNF - Fidelity National Financial
  • SRE - Sempra Energy
  • HY - Hyster-Yale Materials Handling
  • FAF - First American Financial
  • TRNO - Terreno Realty
  • STBA - S&T Bancorp
  • FITB - Fifth Third Bancorp
  • RY - Royal Bank of Canada
  • WEC - WEC Energy Group
  • FMAO - Farmers & Merchants Bancorp
  • VALU - Value Line
  • XEL - Xcel Energy
  • HMN - Horace Mann Educators
  • EGP - EastGroup Properties
  • FDBC - Fidelity D&D Bancorp
  • ELS - Equity LifeStyle Properties
  • SPTN - SpartanNash
  • LNT - Alliant Energy
  • PNC - PNC Financial Services
  • AVNT - Avient
  • TSBK - Timberland Bancorp
  • AMGN - Amgen
  • CNS - Cohen & Steers
  • EBMT - Eagle Bancorp Montana
  • SO - Southern Company
  • SBFG - SB Financial Group
  • NBTB - NBT Bancorp
  • HSY - Hershey
  • ZION - Zions Bancorporation
  • CMS - CMS Energy
  • TCBK - TriCo Bancshares
  • ORRF - Orrstown Financial Services
  • LKFN - Lakeland Financial
  • AMT - American Tower
  • LARK - Landmark Bancorp
  • UCB - United Community Banks
  • IBCP - Independent Bank
  • PEG - Public Service Enterprise Group
  • FCBC - First Community Bancshares
  • NBHC - National Bank Holdings
  • TOWN - TowneBank
  • MBWM - Mercantile Bank
  • AGM - Federal Agricultural Mortgage
  • FXNC - First National Corporation
  • PM - Philip Morris International
  • PAYX - Paychex
  • AEE - Ameren
  • IDA - IDACORP
  • BC - Brunswick
  • ETR - Entergy
  • UNH - UnitedHealth Group
  • TXNM - TXNM Energy
  • SCVL - Shoe Carnival
  • MET - MetLife
  • SNV - Synovus Financial
  • GABC - German American Bancorp
  • GILD - Gilead Sciences
  • LMT - Lockheed Martin
  • CFFI - C&F Financial
  • STT - State Street
  • CIVB - Civista Bancshares
  • WSO.B - Watsco Class B
  • MDLZ - Mondelez International
  • HRB - H&R Block
  • CASS - Cass Information Systems
  • HOMB - Home BancShares
  • SNA - Snap-on
  • JJSF - J&J Snack Foods
  • WLK - Westlake
  • HWBK - Hawthorn Bancshares
  • OTTR - Otter Tail
  • FSBW - FS Bancorp
  • HNI - HNI Corporation
  • WSO - Watsco
  • NRIM - Northrim BanCorp
  • SBUX - Starbucks
  • MS - Morgan Stanley
  • TXN - Texas Instruments
  • MCHP - Microchip Technology
  • AFG - American Financial Group
  • HD - Home Depot
  • CHCO - City Holding
  • FSFG - First Savings Financial Group
  • MSEX - Middlesex Water
  • APOG - Apogee Enterprises
  • FMBH - First Mid Bancshares
  • NHC - National HealthCare
  • EQIX - Equinix
  • STZ - Constellation Brands
  • AVT - Avnet
  • CSCO - Cisco Systems
  • AWK - American Water Works
  • CBT - Cabot
  • INGR - Ingredion
  • DKS - Dick's Sporting Goods
  • CCBG - Capital City Bank Group
  • UNP - Union Pacific
  • QCOM - Qualcomm
  • SSB - South State
  • CPK - Chesapeake Utilities
  • BOKF - BOK Financial
  • CMI - Cummins
  • THG - Hanover Insurance Group
  • THO - Thor Industries
  • FBIZ - First Business Financial Services
  • BAC - Bank of America
  • HII - Huntington Ingalls Industries
  • EFSC - Enterprise Financial Services
  • NKE - Nike
  • AVY - Avery Dennison
  • TTC - Toro
  • ALL - Allstate
  • UNM - Unum Group
  • FFIN - First Financial Bankshares
  • BK - Bank of New York Mellon
  • ISTR - Investar Holding
  • BAH - Booz Allen Hamilton
  • ELV - Elevance Health
  • ACN - Accenture
  • KR - Kroger
  • GRC - Gorman-Rupp
  • HBCP - Home Bancorp
  • CSGS - CSG Systems International
  • IBOC - International Bancshares
  • OC - Owens Corning
  • JPM - JPMorgan Chase
  • R - Ryder System
  • MAS - Masco
  • OVLY - Oak Valley Bancorp
  • HON - Honeywell International
  • IOSP - Innospec
  • LHX - L3Harris Technologies
  • TKR - Timken
  • DGX - Quest Diagnostics
  • RGA - Reinsurance Group of America
  • NOC - Northrop Grumman
  • CNO - CNO Financial Group
  • SIGI - Selective Insurance Group
  • DLB - Dolby Laboratories
  • ABT - Abbott Laboratories
  • TRV - Travelers Companies
  • POOL - Pool Corporation
  • GS - Goldman Sachs Group
  • HIG - Hartford Financial Services Group
  • AIZ - Assurant
  • SFBS - ServisFirst Bancshares
  • OSK - Oshkosh
  • ADI - Analog Devices
  • WDFC - WD-40
  • TSCO - Tractor Supply
  • SMBC - Southern Missouri Bancorp
  • SAH - Sonic Automotive
  • AGO - Assured Guaranty
  • EXPO - Exponent
  • IEX - IDEX
  • LOGI - Logitech International
  • KWR - Quaker Chemical
  • CSX - CSX
  • SCI - Service Corporation International
  • WSM - Williams-Sonoma
  • GATX - GATX
  • ROK - Rockwell Automation
  • DPZ - Domino's Pizza
  • WTFC - Wintrust Financial
  • MMC - Marsh & McLennan
  • PRI - Primerica
  • SYBT - Stock Yards Bancorp
  • GCBC - Greene County Bancorp
  • STLD - Steel Dynamics
  • HUM - Humana
  • NEU - NewMarket
  • AL - Air Lease
  • POWI - Power Integrations
  • RS - Reliance Steel & Aluminum
  • BFC - Bank First
  • BR - Broadridge Financial Solutions
  • WM - Waste Management
  • SLGN - Silgan Holdings
  • CDW - CDW
  • ALLE - Allegion
  • MKTX - MarketAxess Holdings
  • UFPI - UFP Industries
  • MATX - Matson
  • HLI - Houlihan Lokey
  • HUBB - Hubbell
  • ZTS - Zoetis
  • RJF - Raymond James Financial
  • MSCI - MSCI
  • DHI - D.R. Horton
  • XYL - Xylem
  • CAH - Cardinal Health
  • LFUS - Littelfuse
  • ODC - Oil-Dri Corporation of America
  • AMP - Ameriprise Financial
  • NDAQ - Nasdaq
  • WOR - Worthington Enterprises
  • EVR - Evercore
  • JBHT - J.B. Hunt Transport Services
  • ROL - Rollins
  • ETN - Eaton
  • LSTR - Landstar System
  • RBA - RB Global
  • MWA - Mueller Water Products
  • UNTY - Unity Bancorp
  • CBOE - Cboe Global Markets
  • RGLD - Royal Gold
  • AGCO - AGCO
  • ICE - Intercontinental Exchange
  • MSI - Motorola Solutions
  • LNN - Lindsay
  • CGNX - Cognex
  • STE - STERIS
  • LMAT - LeMaitre Vascular
  • RSG - Republic Services
  • GFF - Griffon
  • LRCX - Lam Research
  • FNV - Franco-Nevada
  • NNI - Nelnet
  • GL - Globe Life
  • ITT - ITT
  • LII - Lennox International
  • ORCL - Oracle
  • AVGO - Broadcom
  • AON - Aon
  • KLAC - KLA
  • WTS - Watts Water Technologies
  • A - Agilent Technologies
  • RMD - ResMed
  • AJG - Arthur J. Gallagher
  • SXI - Standex International
  • LLY - Eli Lilly
  • AIT - Applied Industrial Technologies
  • MCO - Moody's
  • VMC - Vulcan Materials
  • SSD - Simpson Manufacturing
  • COR - Cencora
  • TTEK - Tetra Tech
  • BWXT - BWX Technologies
  • MTRN - Materion
  • WCN - Waste Connections
  • APH - Amphenol
  • MSFT - Microsoft
  • V - Visa
  • DHR - Danaher
  • LAD - Lithia Motors
  • NPO - EnPro Industries
  • WMS - Advanced Drainage Systems
  • STN - Stantec
  • MORN - Morningstar
  • MLM - Martin Marietta Materials
  • MA - Mastercard
  • BCPC - Balchem
  • ALG - Alamo Group
  • INTU - Intuit
  • COST - Costco
  • WRB - W.R. Berkley
  • AAPL - Apple
  • HWKN - Hawkins
  • CHE - Chemed
  • KAI - Kadant
  • CHDN - Churchill Downs
  • MCK - McKesson
  • FIX - Comfort Systems USA
  • DDS - Dillard's
  • ENSG - The Ensign Group
  • HEI.A - HEICO Class A
  • HEI - HEICO
  • XIFR - XTI Aerospace

Original Content by MyATMM Research Team | Published: October 12, 2025 | Educational Use Only