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Many blue chip stocks pay attractive dividends. The Dow Jones Industrial Average (^DJI 0.25%) is loaded with blue chip stocks.
Blue-chip stocks are shares of large, well-established, financially stable companies with a consistent and reliable performance history.
In the most recent trading session, Dow Inc. (DOW) closed at $29.39, indicating a +2.94% shift from the previous trading day.
The Dow Jones Industrial Average tracks 30 large, publicly traded blue chip stocks. These companies are some of the strongest and most well-known in the country.
Commodity chemical giant Dow Inc. (DOW 1.37%) is hovering around a five-year low and is now down around 50% from its spin-off price when DowDuPont split into three separate companies in April 2019.
The premise makes enough basic sense -- dividend income is good, so more dividend income is better. Therefore, if you want dividend income, make a point of buying higher-yielding stocks.
US stocks rise today as strong jobs data eases recession fears; Tesla rebounds, boosting tech stocks and pushing Nasdaq and S&P500 toward 3-month highs.
Dow offers a nearly 10% dividend yield, supported by aggressive cash preservation and asset sales, despite being at the bottom of a cyclical downturn. Management is proactively cutting costs, delaying projects, and focusing on core strengths, positioning Dow to weather industry headwinds and maintain its dividend. Valuation is attractive: the market is pricing in excessive pessimism, but Dow's cash flow actions and balance sheet provide a strong buffer for the dividend.
The Dow Jones Industrial Average (^DJI 0.51%) is one of the major stock market benchmarks. But unlike the S&P 500 (SNPINDEX: ^GSPC), which has just over 500 components, or the Nasdaq Composite (NASDAQINDEX: ^IXIC), which has a few thousand stocks, the Dow only contains 30 components.
The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market.