Before the S 500 and the Nasdaq Composite Index, there was the Dow Jones Industrial Average. This index includes only 30 companies. But they represent some of the biggest businesses in the U.S.

Most of the Dow Jones stocks offer dividends. An investing strategy called the "Dogs of the Dow" even became popular years ago. The idea was to invest in the 10 highest-yielding stocks in the Dow Jones Industrial Average.

For some investors, 10 is too many stocks to buy at a given time. But three is a reasonable number. Should you buy the three highest-paying dividend stocks in the Dow Jones?

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Source Fool.com