As we age, our investing goals change. At 62, I’ll soon be less interested in growth, more interested in income to take me through my retirement. That’s where Dow dividend stocks shine. For those on the hunt for income, we’ll examine the top 10 Dow Jones Industrial Average components by yield as we head into February. Every stock on here yields at least 3.2% — not too shabby in a world where the 30-year U.S. bond is still yielding just 3.03%. But important to note is that while all of these stocks are good yielders, not all of them are winners. This look at the Dow 30’s highest-yielding dividend stocks is meant to help you separate the wheat from the chaff. Top 10 Dow Dividend Stocks for February...
Caterpillar Inc. (NYSE:CAT), the Peoria, Ill.-based maker of heavy equipment, has been shrinking since 2012, because much of its equipment is sold for moving coal and other resources out of the ground and to the market. I am known around InvestorPlace as a hater of International Business Machines Corp. (NYSE:IBM), but I have not always hated the company. General Electric Company (NYSE:GE) has the longest tenure among Dow dividend stocks, 121 years on. For one brief shining moment in the year 2000, Cisco Systems, Inc. (NASDAQ:CSCO) was the world’s most valuable company. I admit to a bias on behalf of The Coca-Cola Co (NYSE:KO). I am a former shareholder of Boeing Co (NYSE:BA), having sold out last spring at about $130 per share. No Dow stock was as ready for Trump as Exxon Mobil Corporation (NYSE:XOM), whose CEO Rex Tillerson is close to being confirmed as Secretary of State. Chevron Corporation (NYSE:CVX) is the anti-Exxon. Pfizer Inc. (NYSE:PFE) is a great dividend stock as far as yield is concerned. But can you trust it? The best yield among Dow dividend stocks, and one of the safest, is the 4.7% presently paid to shareholders of Verizon Communications Inc. (NYSE:VZ).
Source: InvestorPlace
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- The Most Important Thing To Consider When Selecting A Dividend Stock
- 5 Healthcare Stocks With Growing Dividends Yielding In Excess of 2%
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
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