What is a Covered Call? 5 Best Stocks For Covered Calls

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300

Microsoft Corporation (NASDAQ:MSFT) tops our list of the best stocks for covered calls. The multinational tech company declared a 10% hike in its quarterly dividend to $0.75 per share. This marked the company’s 17th consecutive year of dividend growth. Its revenue in fiscal Q4 2023 stood at $56.2 billion, which showed an 8.3% growth from the same period last year.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q2 2023, 300 funds owned stakes in Microsoft Corporation (NASDAQ:MSFT), worth collectively nearly $70 billion.

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You can also take a look at 10 Best Ad-tech Stocks To Buy Now and 10 Best Investments During A Recession

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