Should You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?
The Dow Jones Industrial Average (DJINDICES: ^DJI) is an index of 30 top blue chip stocks. These are leaders in their fields, and since they're mostly large and established, they lean toward value, not growth. Indeed, 29 of them pay a dividend, with the exception being Amazon, which became a Dow component only a few weeks ago.
Investing in Dow Jones stocks can be a smart move as these are companies with leading positions that provide strong moats protecting them from competition and potential. But being in the Dow doesn't automatically make a stock a buy. Even a high dividend yield doesn't make a stock a default buy. In fact, it's often a reason for caution, since it could be caused by a declining stock price.
The three top-yielding Dow Jones stocks as I write this are Verizon (NYSE: VZ), 3M (NYSE: MMM), and Dow Inc. (NYSE: DOW). Let's see if they look like worthy investments right now.
Source Fool.com
