Buy 1 June Dow Dog, And Watch 3

Jun. 05, 2024 10:27 AM ET, , , , , , , , , , , , , , , , , , , , , , , , , 8 Comments
(16min)

Summary

  • "The Dow® [adds a stock] if the company has an excellent reputation, demonstrates sustained growth, and is of interest to a large number of investors... Sector representation...is also a consideration.”–Dow Jones & Co.
  • The highest-yield 10 stocks are June’s Dogs-of-the-Dow: HD, MMM, AMGN, KO, JNJ, CSCO, IBM, CVX, DOW, and VZ. They now average only a 3.80% annual yield, as prices rose in May.
  • Thirty Dow stocks represent nine-of-eleven sectors. Dow Jones tracks utilities as a separate index and omits real estate. Broker top-ten target-estimated June net gains ranged 18.71%-32.71%, topped by INTC as of 6/3/24.
  • Dow Industrial Index top-ten firms by broker target-price upside, MSFT, CSCO, CVX, NKE, BA, MCD, DIS, AMZN, CRM, and INTC averaged 21.18%.
  • Analyst one-year targets showed ten highest-yield Dow stocks producing 16.29% LESS gain from $5k invested in the lowest-priced five than from the same investment in all ten. Higher-priced (“big” Dow dogs) lead the pack by about one and two-thirds lengths into June.
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Foreword

While most of this collection of Dow Industrials (DJI) is too pricey and reveals only skinny dividends, one of the five lowest priced Dogs of the Dow is ready to buy. Again, this month, only Verizon Communications

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This article was written by

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Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields by utilizing free cash flow and one-year total returns as trading indicators.

He is the leader of the investing group The Dividend Dog Catcher, where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of INTC, CSCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same. Graphs and charts were compiled by Rydlun & Co., LLC from data derived from Indexarb; YCharts; Yahoo Finance - Stock Market Live, Quotes, Business & Finance News; analyst mean target price by YCharts. Open source dog art from dividenddogcatcher.com.

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SymbolLast Price% Chg
VZ--
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DOW--
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CSCO--
Cisco Systems, Inc.
KO--
The Coca-Cola Company
MMM--
3M Company

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