Stocks and Investing Stocks and Investing
Wed, December 18, 2024
Tue, December 17, 2024

Should You Buy the 3 Highest Yielding Dividend Stocks in the Dow Jones?


Published on 2024-12-17 09:41:08 - 24/7 Wall St
  Print publication without navigation

  • The Dow Jones is one of Wall Street's most iconic benchmarks and it tracks 30 of America's largest companies. It was made over 128 years ago but is still relevant and a crucial barometer of the U.S. economy.

The article from 247wallst.com discusses the allure and risks associated with investing in the three highest-yielding dividend stocks within the Dow Jones Industrial Average. These stocks, identified as Verizon Communications, 3M, and Dow Inc., offer high dividend yields which might attract income-focused investors. However, the article cautions that high yields can often be a red flag, signaling potential issues like declining stock prices or unsustainable dividend payouts. Verizon, for instance, has been dealing with significant debt and a competitive market, while 3M faces legal challenges and business restructuring. Dow Inc. has also experienced a drop in its stock price due to cyclical industry pressures. The piece advises investors to consider not just the yield but the overall health and future prospects of the company, suggesting that while these stocks might provide substantial income, they come with considerable risks that could affect both the dividend's sustainability and the stock's price.

Read the Full 24/7 Wall St Article at:
[ https://247wallst.com/investing/2024/12/17/should-you-buy-the-3-highest-yielding-dividend-stocks-in-the-dow-jones/ ]
Contributing Sources