Dow Dogs Are Dogs So Far In 2012

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Includes: BAC, DD, GE, INTC, JNJ, MDLZ, MRK, PFE, PG, T, VZ
by: Bespoke Investment Group

As we noted at the end of last year, the Dogs of the Dow strategy -- which buys the 10 highest yielding Dow stocks at the start of each year -- did extremely well in 2011. The opposite has been the case so far in 2012, however.

As shown below, the ten 2012 Dogs are currently up an average of 2.06% year to date, while the other twenty stocks in the Dow are up an average of 10.54%. The ten lowest yielding stocks in the index are doing even better with an average change of 14.56%. Bank of America (NYSE:BAC), which is the lowest yielding stock in the Dow, is up the most of any Dow stock so far in 2012 with a gain of 43.71%. AT&T (NYSE:T) was the highest yielding stock at the start of the year, and it's down 0.30% year to date.