2024-07-28 06:33:00 ET
The three highest-yielding Dow Jones Industrial Average stocks today are Verizon Communications (NYSE: VZ) , Dow Inc. (NYSE: DOW) , and Chevron (NYSE: CVX) . Are any of these stocks worth buying? The answer isn't exactly easy. And while there's one that investors should feel pretty comfortable buying today, all three really end up being a bit complicated.
The Dow Jones Industrial Average is an oddity on Wall Street in a number of ways. For starters, though it's meant to be a broad gauge of market performance, it holds a very small number of stocks (30). And then there's the weighting method, which is influenced by high stock prices, versus most other indexes that weight by market cap . And yet it has done a fairly good job of tracking the market over time, with the stocks in the index selected based on their economic importance.
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For further details see:
Should You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?