Well, at least one good thing came from Ben Bernanke’s thwacking of Wall Street yesterday: A number of blue-chip dividend stocks are now sporting slightly more attractive yields for investors not yet long those companies.
In fact, every last stock in the Dow Jones Industrial Average has a sweeter percentage payout, as each of the index’s 30 components was sold off following Bernanke’s remarks indicating possible tapering of quantitative easing in mid-2014.
Of course, if you’re an income-minded investor, you’re not messing around with the paltry yields of stocks like Bank of America (BAC) — even if its yield got juiced to a whopping 0.3%. No, you’re more likely to be interested in this top 10 list, which features nothing but companies boasting at least a 3 on the other side of their dividend decimal points.
You also should love the overall size and security of these multinational market leaders, as their entrenched businesses offer both security in knowing that their stocks aren’t going to just drop off a cliff, as well as a constant stream of cash that gets funneled back to you through generous quarterly payouts.
So which Dow dividend stocks topped this month’s list? Read on to find out: