CVX - Should You Buy the Third-Highest Yielding Stock in the Dow Jones Industrial Average?
2024-07-21 08:15:00 ET
The Dow Jones Industrial Average is known for its 30 blue chip components that act as representatives of the broader market. All but two components ( Amazon and Boeing ) pay dividends -- but many of these stocks have low yields.
With a 4.2% yield, Chevron (NYSE: CVX) is the third-highest yielding stock in the Dow. Here's why Chevron is a well-rounded company with a path toward growing its payout for years to come -- making it a good addition to investors' portfolios.
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Should You Buy the Third-Highest Yielding Stock in the Dow Jones Industrial Average?