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The Dow Jones High Yield Select 10 Index measures the top ten companies in the Dow Jones Industrial Average based on indicated annual dividend yield.

The key features of this index:

  • Components are equal-dollar weighted.
  • The index is rebalanced annually. Changes to the Dow Jones Industrial Average during the course of the year are not reflected until the next review.

The dividend yield of the index as of November 20th, 2009 is 3.20%.

The components of the Dow Jones High Yield Select 10 Index and their current dividend yields are listed below:

1. JPMorgan Chase & Co. (NYSE:JPM)
Current Dividend Yield = 0.49%

2. Merck & Co. Inc. (NYSE:MRK)
Current Dividend Yield = 4.06%

3. E.I. DuPont de Nemours & Co. (NYSE:DD)
Current Dividend Yield = 5.15%

4. Verizon Communications Inc. (NYSE:VZ)
Current Dividend Yield = 5.79%

5. AT&T Inc. (NYSE:T)
Current Dividend Yield = 6.15%

6. Kraft Foods Inc. (KFT)
Current Dividend Yield = 4.29%

7. Pfizer Inc. (NYSE:PFE)
Current Dividend Yield = 3.93%

8. General Electric Co. (NYSE:GE)
Current Dividend Yield = 2.57%

9. Bank of America Corp. (NYSE:BAC)
Current Dividend Yield = 0.27%

10. Alcoa Inc. (NYSE:AA)
Current Dividend Yield = 0.82%

Alcoa, Bank of America, GE and JPMorgan Chase have very low yields. They are included since the index is only re-balanced annually in December.

Source: Components of the Dow Jones High Yield Select 10 Index