List of 12 highest yielding Dow Jones dividend stocks

List of 12 highest yielding Dow Jones dividend stocks

Dow Jones

A stock market index called the Dow Jones Industrial Average (DJIA) measures the performance of 30 significant American publicly traded corporations. It is one of the most popular stock market indices in the world and is frequently used as a gauge of the state of the American economy as a whole. Charles Dow, a co-founder of The Wall Street Journal, developed the DJIA in 1896. Since the index is price-weighted, the stocks with the highest prices have the biggest impact on the index as a whole. The DJIA is calculated by putting the prices of the 30 stocks together and dividing by a factor, and it is updated every minute during trading hours.

Here are some of the most crucial details about the Dow Jones:

It is one of the oldest and most widely followed stock market indices in the world.
It is price-weighted, which means that the stocks with the highest prices have the greatest influence on the overall index.
The DJIA is updated every minute during trading hours.
It is often used as a barometer of the overall health of the U.S. economy.

Here we will be discussing about the list of 12 highest yielding Dow Jones dividend stocks

  1. Verzion Communications Inc.(NYSE:VZ)
  • Tops our list, a multinational telecommunications company
  • It is the best dividend stock in Dow Jones
  • Dividend yield as of 19 July 2023 is 8.09%
  • The company offers a quarterly dividend of $0.6525 per share
  • Total stake value: over $1.3 billion

2. Wallgreen Boots Alliance, Inc.(NASDAQ:WBA)

  • Global retail pharmacy and healthcare company
  • Dividend yield as of 19 July is 6.49%
  • The company declared quarterly dividend of $0.48 per share
  • Total stake value: over $678.5 million

3. 3M Compay(NYSE:MMM)

  • Multinational conglomerate offers wide range of products and solutions in various industries
  • Dividend yield as of 19 July is 5.82%
  • The company offers quarterly dividend of $1.50 per share
  • Total stake value: over $697.3 million

4. Dow Inc.(NYSE:DOW)

  • An American chemicals company
  • Dividend yield as of 19 July 5.29%
  • Offers quarterly dividend of $0.70 per share
  • Total stake value: over $1.322 billion

5. International Business Machines Corporation(NYSE:IBM)

  • An American multinational tech company offering various products and services in IT industry
  • Dividend yield as of 19 July is 4.91%
  • Quarterly dividend of $1.66 per share
  • Total stake value: over $1.47 billion

6. Chevron Corporation(NYSE:CVX)

  • Multinational energy company and is on number 6 of our list of 12 highest yielding Dow Jones dividend stocks
  • Dividend yield as of 19 July is 3.93%
  • Quarterly dividend of $1.15 per share
  • Total stake value: $23.6 billion of which Warren Buffet’s Berkshire Hathaway was the company’s leading stake holder owning stake worth over $21.6 billion

7. Amgen Inc.(NASDAQ:AMGN)

  • An American multinational biopharmaceutical company manufacturing innovative human therapeutics
  • Dividend yield of 3.66%
  • Offers quarterly dividend of $2.13 per share
  • Total stake value: over $1.68 billion

8. The Coca-Cola Company(NYSE:KO)

  • Dividend yield as of 19 July is 3.04%
  • The company offers quarterly dividend of $0.46 per share
  • Total stake value: over $24.8 billion of which Warren Buffet’s Berkshire Hathaway was the company’s leading stakeholder owning 400 million shares.

9. Cisco Systems,Inc.(NASDAQ:CSCO)

  • Tech company based in California specializing in designing, manufacturing and selling networking hardware and software and telecommunication equipments.
  • Dividend yield as of 19 July is 3.04%
  • Company offers quarterly dividend of $0.39 per share
  • Total stake value: over $2.5 billion

10. Johnson & Johnson(NYSE:JNJ)

  • Multinational conglomerate operating in healthcare sector
  • Dividend yield as of 19 July is 2.99%
  • The company offers dividend of $1.19 per share
  • Total stake value: over $4.5 billion

11. The Goldman Sachs Group, Inc.(NYSE:GS)

  • American multinational investment bank and financial services company
  • Dividend yield as of 19 July is 2.96%
  • Company offers dividend of $2.75 per share
  • Total stake value: over $3.1 billion
  • Edgar Wachenheim, Boykin Curry, Ken Griffin are some of the leading stakeholders

12. Merck & Co.,Inc.(NYSE:MRK)

  • Largest pharmaceutical company in the world widely known for vaccines and medicines
  • Dividend yield as of 19 July is 2.76%
  • Pays quarterly dividend of $0.73 per share
  • Total stake value: over $3.7 billion

 

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