Barron's Euro Dogs of the Dow 2007

Excerpt from Barron's Weekly Magazine. Receive all our excerpts by signing up here:

Euro Dogs Still Having Their Day by Vito J. Racanelli

Summary: The 'Dogs of the Dow' is the ultimate contrarian system; it picks out-of-vogue companies from the 30-stock Dow Jones Industrial Average, selecting at the beginning of each year the ten stocks with the highest dividend yield. According to the theory, by year-end the group should have outpaced the index. A few years ago Barron's began tracking the performance of the Euro Dogs by taking the 15 top-yielding stocks from the 50 stock Stoxx index; it has outperformed ever since (19% vs. 14%). This year's dogs that trade on U.S. markets, dividend yield, and 2007 P/E:

France Telecom S.A. (FTE)	5.52	12.3
Enersis S. A. (ENI)	5.15	9.1
Deutsche Telekom AG (DT)	5	15.6
ABN Amro Holding N.V. (ABN)	4.7	10.4
BT Group plc (BT)	4.46	13.6
HSBC Holdings plc ADR (HBC)	4.27	11.3
Vodafone AirTouch Public Company (VOD)	4.27	12.8
Barclays plc (BCS)	3.93	10.4
ING Group N.V. (ING)	3.85	9.8
Royal Dutch Shell (RDS.A)	3.64	9.5

Related Links: Dogs of the Dow Week One, Week Two, Week Three, Week Four, Howling At The Moon: Dogs and Flying Five 2007 Stock Picks