Investing in dividend stocks is a proven strategy for generating passive income from your stock portfolio. The Dow Jones Industrial Average consists of 30 blue-chip American companies, many of which pay dividends to their shareholders.
Dividend yield is a key metric for investors to consider when looking at dividend-paying stocks. It is calculated by dividing the annual per share dividend payment by the company’s current share price.
Below are the top dividend-yielding stocks in the Dow Jones Industrial Average as of Aug. 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., generating over $133 billion in revenue in 2023.
- Dividend yield: 6.60%
- Annual dividend: $2.66 per share
2. Dow Inc. (DOW)
Dow is a major player in the production of chemicals for various industries, with segments including packaging, specialty plastics, and industrial intermediates.
- Dividend yield: 5.37%
- Annual dividend: $2.80 per share
3. Chevron (CVX)
Chevron is an integrated energy company engaged in oil and gas exploration and production, with a dividend yield of 4.58%.
- Dividend yield: 4.58%
- Annual dividend: $6.52 per share
4. International Business Machines (IBM)
IBM is a tech giant known for software and consulting services, paying a dividend for over 100 consecutive years.
- Dividend yield: 3.58%
- Annual dividend: $6.68 per share
Editorial Disclaimer: It is recommended that all investors conduct their own research before making investment decisions. Past performance is not indicative of future results.