When it comes to investing in the stock market, many investors look to the Dow Jones Industrial Average for guidance. Made up of 30 blue-chip American companies, the Dow Jones Industrial Average includes some of the most well-known and established companies in the United States. One popular strategy for investors looking to generate passive income from their stock holdings is investing in dividend stocks.
One key metric that investors use to evaluate dividend stocks is the dividend yield. This is calculated by dividing the annual per share dividend payment by the company’s current share price. A high dividend yield can indicate that a company is returning a significant portion of its profits to shareholders in the form of dividends.
Here are some of the top dividend-yielding stocks in the Dow Jones Industrial Average as of August 8, 2024:
Top Dividend-Yielding Stocks in the Dow Jones Industrial Average
*Data accurate as of Aug. 8, 2024
1. Verizon Communications (VZ)
Verizon is a leading provider of communication and technology services in the U.S. With a dividend yield of 6.60 percent and an annual dividend of $2.66 per share, Verizon is a popular choice among dividend investors.
2. Dow Inc. (DOW)
Dow is a major player in the chemical industry, with a dividend yield of 5.37 percent and an annual dividend of $2.80 per share.
3. Chevron (CVX)
Chevron is an integrated energy company with a dividend yield of 4.58 percent and an annual dividend of $6.52 per share.
4. International Business Machines (IBM)
IBM is a tech giant with a dividend yield of 3.58 percent and an annual dividend of $6.68 per share.
5. Cisco Systems (CSCO)
Cisco is a leader in networking and cloud solutions, with a dividend yield of 3.55 percent and an annual dividend of $1.60 per share.
6. Johnson & Johnson (JNJ)
Johnson & Johnson is a healthcare company with a dividend yield of 3.12 percent and an annual dividend of $4.96 per share.
7. Amgen (AMGN)
Amgen is a biotechnology company with a dividend yield of 2.88 percent and an annual dividend of $9.00 per share.
8. Coca-Cola (KO)
The Coca-Cola Co. is a beverage giant with a dividend yield of 2.83 percent and an annual dividend of $1.94 per share.
9. Merck (MRK)
Merck is a global healthcare company with a dividend yield of 2.74 percent and an annual dividend of $3.08 per share.
10. The Home Depot (HD)
Home Depot is the largest home improvement retailer in the world, with a dividend yield of 2.63 percent and an annual dividend of $9.00 per share.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.