Although it's debatable whether following the Dogs of the Dow strategy--buying and holding the 10 highest yielding Dow Jones Industrial Average components at year end--actually works better than its catchy name, here are the stocks that would make the list as 2019 comes to a close: 1) Dow Inc. (DOW) with a dividend yield of 5.14%; 2) Exxon Mobil Corp. (XOM), yielding 5.02%; 3) International Business Machines Corp. (IBM), yielding 4.86%; 4) Verizon Communications Inc. (VZ) which yields 4.03%; 5) Chevron Corp. (CVX) yields 3.97%; 6) Pfizer Inc. (PFE) with a yield of 3.90%; 7) 3M Co. (MMM), which yields 3.28%; 8) Walgreens Boots Alliance Inc. (WBA), with a yield of 3.10%; 9) Cisco Systems Inc. (CSCO) yields 2.93%; and 10) Coca-Cola Co. (KO) yields 2.90%. MarketWatch contributor Mark Hulbert wrote Thursday ( ) that the Dogs of the Dow strategy has not outperformed the Dow on a total return basis over the past two decades. Meanwhile, the average yield of the 30 Dow components is 2.61% (median 2.53%), while the implied yield for the S&P 500 is 1.86%, according to FactSet.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 31, 2019 17:07 ET (22:07 GMT)
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