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Headlines
- The Dow Jones Industrial Average (DJIA) consists of 30 prominent American companies, many of which pay dividends to their shareholders.
- The dividend yield is calculated by dividing the annual dividend per share by the current share price.
- This article highlights the top dividend-yielding stocks within the DJIA as of August 8, 2024.
The Dow Jones Industrial Average is made up of 30 blue-chip American companies, many of which distribute dividends to their shareholders. Dividends provide a reliable way for shareholders to benefit from their stock holdings.
A company’s dividend yield is determined by dividing the annual per-share dividend payment by the current share price. Below are the top dividend-yielding stocks in the Dow Jones Industrial Average.
Stocks with the Highest Dividend Yields in the Dow Jones Industrial Average (Data as of Aug. 8, 2024)
- Verizon Communications (NYSE:VZ)
- Overview: Verizon is a leader in communication and technology services, offering a wide range of mobile-phone services in the U.S. alongside AT&T and T-Mobile. In 2023, Verizon generated over $133 billion in revenue.
- Dividend Yield: 6.60%
- Annual Dividend: $2.66 per share
- Dow Inc. (NYSE:DOW)
- Overview: Dow Inc. is a major player in the chemical industry, producing materials used across various sectors. Its segments include packaging, specialty plastics, industrial intermediates, infrastructure, and performance materials. The company is headquartered in Midland, Michigan.
- Dividend Yield: 5.37%
- Annual Dividend: $2.80 per share
- Chevron (NYSE:CVX)
- Overview: Chevron is an integrated energy company involved in the exploration and production of oil and natural gas. As of June 2024, Berkshire Hathaway, led by Warren Buffett, was one of Chevron’s largest shareholders.
- Dividend Yield: 4.58%
- Annual Dividend: $6.52 per share
- International Business Machines (NYSE:IBM)
- Overview: IBM, based in Armonk, New York, is a giant in the tech industry, earning more than two-thirds of its revenue from software and consulting services. The company has consistently paid dividends for over 100 years.
- Dividend Yield: 3.58%
- Annual Dividend: $6.68 per share
- Cisco Systems (NASDAQ:CSCO)
- Overview: Cisco provides networking, security, and cloud solutions, generating $57 billion in revenue in its 2023 fiscal year. The company is highly profitable, with nearly $20 billion in operating cash flow in the same period.
- Dividend Yield: 3.55%
- Annual Dividend: $1.60 per share
- Johnson & Johnson (NYSE:JNJ)
- Overview: Johnson & Johnson produces a variety of healthcare products, including well-known brands like Band-aid, Neutrogena, Tylenol, and Benadryl. Founded in 1887, the company is headquartered in New Jersey.
- Dividend Yield: 3.12%
- Annual Dividend: $4.96 per share
- Amgen (NASDAQ:AMGN)
- Overview: Amgen is a biotechnology company focused on the development of human therapeutics. The company employs advanced human genetics to understand diseases and human biology.
- Dividend Yield: 2.88%
- Annual Dividend: $9.00 per share
- Coca-Cola (KO)
- Overview: Coca-Cola owns a diverse portfolio of beverage brands sold in over 200 countries. Its products have been available in the U.S. since 1886, and the company accounts for 2.2 billion of the 64 billion beverage servings consumed worldwide daily.
- Dividend Yield: 2.83%
- Annual Dividend: $1.94 per share
- Merck (NYSE:MRK)
- Overview: Merck is a global healthcare company providing prescription medicines, biologic therapies, vaccines, and animal health products. In 2023, the company reported over $60 billion in revenue.
- Dividend Yield: 2.74%
- Annual Dividend: $3.08 per share
- The Home Depot (NYSE:HD)
- Overview: Home Depot is the world’s largest home improvement retailer, operating 2,335 stores across the U.S., Canada, and Mexico as of the end of its fiscal 2023. The company generated $152.7 billion in revenue during this period.
- Dividend Yield: 2.63%
- Annual Dividend: $9.00 per share
