3 Beaten-Down Dow Jones Stocks That Dividend Investors Should Scoop Up in 2024

The Dow Jones Industrial Average delivered a bounce-back year in 2023. The iconic stock market benchmark rallied roughly 14% (recovering from a nearly 11% slide in 2022).

However, not all Dow Jones stocks were in rally mode in 2023. Several lagged the index last year, led by Walgreens Boots Alliance (NASDAQ: WBA), Chevron (NYSE: CVX), and Johnson Johnson (NYSE: JNJ). Those declines pushed the dividend yields of those "Dogs of the Dow" higher. Here's why dividend investors will want to scoop up shares in 2024.

Shares of Walgreens slumped nearly 29% in 2023, the biggest drop among Dow stocks. That sell-off pushed the healthcare, pharmacy, and retail company's dividend yield up to 7.2%. The company has an excellent track record of paying dividends. It has paid them for 364 straight quarters (91 years) while growing its payout for the last 47 consecutive years.

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Source Fool.com