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Diversify with High-Dividend Stocks: Dogs of the Dow for 2024


  • 'Dogs of the Dow' targets high-dividend stocks.

  • Walgreens Boots Alliance leads with a 7.35% dividend.

  • Verizon, 3M, Dow, and IBM offer notable yields.

In a strategy known as ‘Dogs of the Dow’, investors are advised to purchase ten of the Dow Jones Industrial Average’s highest dividend-yielding stocks each year. This approach, which dates back to 1991, leverages the principle that these high-yield stocks are often underpriced, allowing for potential appreciation in addition to the income garnered from the dividends.

Market Performance and Strategic Investment

While the Nasdaq and S&P 500 saw significant growth in 2023, the Dow Jones lagged behind. This discrepancy could tempt investors to pursue gains in tech giants. However, this strategy bears risks as these sectors have already seen substantial profits. Instead, a focus on the ‘Dogs of the Dow’ could provide a safer, income-generating investment opportunity.

Walgreens Leads in Dividend Yield

At the forefront for 2024 is Walgreens Boots Alliance, a significant player in the health and beauty retail sector. With an attractive dividend yield and a low earnings multiple, Walgreens provides a promising investment for those seeking both steady income and potential price appreciation. The company operates across various sectors, including Retail Pharmacy in the USA and internationally, and Pharmaceutical Wholesale.

Additional High-Yield Stock Opportunities

Verizon Communications, a key telecom enterprise, also offers a substantial dividend yield, value, and the possibility of long-term appreciation despite recent setbacks in the industry. 3M Company, with a diversified technology service portfolio, is another contender, especially if the economy rallies. Dow Inc., born from a merger and spin-off, represents growth and income potential in materials science. Finally, International Business Machines (IBM) is noted for its reliable dividend and integrated global solutions and services.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial, tax, or investment advice. It is always recommended to consult with a qualified financial advisor before making any investment decisions. The author and are not responsible for any actions taken based on the information provided in this article. Past performance is not indicative of future results. Investing involves risks, including the potential loss of principal. Always do your own due diligence before making any investment or financial decisions.
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