Current Dividend Yield: 3.1%
Performance So Far in 2012: +15%
The No. 10 spot on this list of Dow dividend stocks, based on yield, is a dead heat between E.I. du Pont de Nemours & Company (NYSE:DD), a.k.a. DuPont, and two other picks — big oil stock Chevron (NYSE:CVX) and packaged foods giant Kraft (NYSE:KFT). DuPont is yielding 3.13% at the time of publication, as is Kraft, and Chevron is only a hair ahead with a yield of 3.16%.
We’ll get to Chevron and Kraft in a moment, but DuPont investors should know that this sleepy giant is turning around. Sure, DD shares lagged the market in 2011 with an 8% decline. However, it has more than made up for that loss with a surge of 15% right out of the gate in 2012 — about triple the broader market’s gains.
Dividend investors in it for the long term know the staying power of DuPont. The company has paid dividends for more than 100 years and is a stable industrial giant that isn’t going anywhere. In fact, revenue is up year-over-year for nine straight consecutive quarters and earnings per share have gone from $1.92 for fiscal 2009 to an impressive $3.68 in fiscal 2011 — almost double — and are forecast to jump another 15% in fiscal 2012.