Another way to get some out of a 401(k) before 59.5 without penalty?

[Gone Fishing]

So I was poking around in my 401(k) and came across an option to have the dividends from my company ESOP stock paid directly to me.  From what I can find, taking this option would tax the dividends at regular income rates but carry no penalty.  I don't have much company stock (and I am actually getting rid of it) but thought this might be another interesting way to pull a little more out of a 401(k) without penalty before 59.5 with no "seasoning" required as with the ladder and without the lock-in of a 72(t) payment.  Of course, any good mustachian would not have enough company stock to move the needle very far, but it's good to know about all the tools in the tool box!   

[Cheddar Stacker]

Good to know. Might be hard to utilize, and only benefit certain people who have an ESOP, but good to know nonetheless.

[hdatontodo]

I'm still thinking I'll be using the "Age 55 rule" if I get laid off next year.