2024-07-04 09:17:00 ET
The Dow Jones Industrial Average contains 30 blue chip companies, almost all of which pay dividends. And while the index yields more than the S&P 500 and Nasdaq Composite , there are only two of its stocks that yield over 5%.
Verizon Communications (NYSE: VZ) is one of them, with a 6.5% yield. The other is commodity chemical company Dow (NYSE: DOW) .
It has nothing to do with the "Dow" in the Dow Jones Industrial Average. Confusion aside, here's why Dow is an excellent undervalued high-yield dividend stock .
For further details see:
Should You Buy the Second-Highest Yielding Stock in the Dow Jones Industrial Average?