Weekly Dow Jones Yield Rankings (November 18)
Below are the 30 components of the Dow Jones Industrial Average, ranked by their dividend yield as of Friday’s closing bell. I publish this list each weekend, along with a summary of changes that occurred during the week that just ended.
For a current look at the important dividend-related characteristics of the 30 blue chip stocks in the Dow Jones Industrial Average (including yield), you can always access my Dow Jones Industrial Average Dividend Snapshot, which updates in real time.
The Dow fell 2.94% this week, pushing the average dividend yield among its components up from 2.79% at the end of the previous week to 2.90% today. Only one blue chip adjusted its payout, and just two saw their shares rise during the week. As a result, 28 yields strengthened, while only two became weaker.
AT&T (T), which now features a yield just above 6% after its shares fell 2.65% during the week, continues to wear the crown as the highest yielding Dow component. The rest of the top five also remains unchanged this week, as the telecom giant is followed by rival Verizon (VZ), Merck (MRK), Pfizer (PFE), and General Electric (GE) — all of which saw their shares fall this week as well.
Not a single company moved more than one position this week for the first time since I’ve been doing these weekly rundowns, but that doesn’t mean there wasn’t plenty of shifting. Dupont (DD), Kraft (KFT), Chevron (CVX), Microsft (MSFT), and United Technologies (UTX) all climbed one spot, while Intel (INTC), Procter & Gamble (PG), JPMorgan Chase (JPM), The Home Depot (HD), and Boeing (BA) all dropped one spot.
The only component to adjust its payout this week was Home Depot, which gave its shareholders a 16% raise on Tuesday morning. It was the second dividend hike of 2011 from the home improvement giant, which has raised its payout in 22 of the last 24 years. Home Depot’s yield climbed from 2.63% to 3.06% during the week.
Bank of America (BAC) continues to be the lowest-yielding Dow component, though the gap between the financial giant and some of its fellow blue chips did narrow a bit this week as its stock lost 6.92%. The banking giant’s paltry quarterly payout of $0.01 per share still produces a yield of just 0.69%, making it the only Dow component with a yield under the 1% threshold. Disney (DIS), which should announce its annual payout sometime in the next month, is currently second-worst with a yield of just 1.12%.
Boeing (BA) and Hewlett-Packard (HPQ), which gained 0.81% and 1.49% respectively, were the only components to see their shares rise during the week.
| Rank | Company (Symbol) | Yield (11/18/11) | Prev. | Change |
|---|---|---|---|---|
| 1 | AT&T (T) | 6.01% | 1 | 0 |
| 2 | Verizon Communications (VZ) | 5.49% | 2 | 0 |
| 3 | Merck (MRK) | 4.81% | 3 | 0 |
| 4 | Pfizer (PFE) | 4.10% | 4 | 0 |
| 5 | General Electric (GE) | 3.83% | 5 | 0 |
| 6 | Johnson & Johnson (JNJ) | 3.57% | 6 | 0 |
| 7 | Dupont (DD) | 3.53% | 8 | 1 |
| 8 | Intel (INTC) | 3.46% | 7 | -1 |
| 9 | Kraft Foods (KFT) | 3.34% | 10 | 1 |
| 10 | Procter & Gamble (PG) | 3.32% | 9 | -1 |
| 11 | Chevron (CVX) | 3.31% | 12 | 1 |
| 12 | JPMorgan Chase (JPM) | 3.27% | 11 | -1 |
| 13 | Microsoft (MSFT) | 3.16% | 14 | 1 |
| 14 | The Home Depot (HD) | 3.06% | 13 | -1 |
| 15 | McDonald's (MCD) | 3.02% | 15 | 0 |
| 16 | Travelers (TRV) | 2.92% | 16 | 0 |
| 17 | Coca-Cola (KO) | 2.79% | 17 | 0 |
| 18 | 3M Company (MMM) | 2.73% | 18 | 0 |
| 19 | Wal-Mart Stores (WMT) | 2.55% | 19 | 0 |
| 20 | United Technologies (UTX) | 2.52% | 21 | 1 |
| 21 | Boeing (BA) | 2.49% | 20 | -1 |
| 22 | Exxon Mobil (XOM) | 2.41% | 22 | 0 |
| 23 | Caterpillar (CAT) | 1.96% | 23 | 0 |
| 24 | Hewlett-Packard (HPQ) | 1.71% | 24 | 0 |
| 25 | IBM (IBM) | 1.62% | 25 | 0 |
| 26 | American Express (AXP) | 1.54% | 26 | 0 |
| 27 | Cisco (CSCO) | 1.30% | 27 | 0 |
| 28 | Alcoa (AA) | 1.24% | 28 | 0 |
| 29 | Disney (DIS) | 1.12% | 29 | 0 |
| 30 | Bank of America (BAC) | 0.69% | 30 | 0 |
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