Dow Jones Officially In Bull Market: Top 5 High-Dividend Stock Plays For 2023
Portfolio Pulse from Piero Cingari
The Dow Jones Industrial Average has entered a bull market, attracting investors to its 30 components. The SPDR Dow Jones Industrial Average ETF (DIA) has seen three consecutive months of net inflows, amassing over $1.3 billion in the last three months. The Dow Jones components are trading at a more attractive multiple than those in the S&P 500 and Nasdaq 100. The top 5 high-dividend stocks in the Dow Jones Industrial Average are International Business Machines Corp. (IBM), Dow Inc. (DOW), 3M Company (MMM), Walgreens Boots Alliance, Inc. (WBA), and Verizon Communication, Inc. (VZ).
July 19, 2023 | 1:21 pm
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POSITIVE IMPACT
The SPDR Dow Jones Industrial Average ETF (DIA) has seen three consecutive months of net inflows, amassing over $1.3 billion in the last three months.
The ETF tracking the Dow index is on a remarkable streak, which indicates increased investor interest and could lead to a positive price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Dow Inc. is one of the top 5 high-dividend stocks in the Dow Jones Industrial Average.
Dow Inc.'s high dividend yield makes it attractive to income-focused investors, which could drive its stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
IBM is one of the top 5 high-dividend stocks in the Dow Jones Industrial Average.
IBM's high dividend yield makes it attractive to income-focused investors, which could drive its stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
3M Company is one of the top 5 high-dividend stocks in the Dow Jones Industrial Average.
3M Company's high dividend yield makes it attractive to income-focused investors, which could drive its stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Verizon Communication, Inc. is one of the top 5 high-dividend stocks in the Dow Jones Industrial Average.
Verizon Communication's high dividend yield makes it attractive to income-focused investors, which could drive its stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Walgreens Boots Alliance, Inc. is one of the top 5 high-dividend stocks in the Dow Jones Industrial Average.
Walgreens Boots Alliance's high dividend yield makes it attractive to income-focused investors, which could drive its stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100