2 Historically Cheap Dow Dividend Kings That Are Ripe for the Picking
For more than 127 years, investors have turned to the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) as a barometer of Wall Street's health. Since its inception in May 1896, the Dow Jones has evolved from an industrial stock-dominated index of 12 companies into one with 30 diverse, time-tested, and historically profitable components.
If there's one thing that's fairly common among Dow stocks, it's their penchant for paying dividends. Only three out of 30 Dow stocks aren't doling out a regular payout to their shareholders. According to a report released 10 years ago by JPMorgan Chase, dividend stocks have a rich history of handily outperforming companies that don't pay a dividend over multidecade stretches.
But even among the 27 Dow stocks currently paying a dividend, they're not all equal. A handful of Dow components are Dividend Kings -- public companies that have increased their base annual payout for at least 50 consecutive years. Among these handful of Dividend Kings are two Dow stocks that are historically cheap and ripe for the picking by opportunistic investors.
Source Fool.com
