Stocks are at all-time highs, and the blue-chip Dow Jones Industrial Average just topped 16,000 for the first time ever. But as wonderful as that is for your portfolio on a price basis, it makes a difficult hunt for yield even harder.
As prices go up, yields come down. So as generous as payouts from companies in the Dow may be, the yield on the index has come down hard during this epic run. The dividend yield on the Dow Industrials currently stands at 2.1%; a year ago, it was 2.7%.
Among the most appealing attributes of the 30 stocks in the Dow is that they’re all essentially battleships. They might not have the screamingly highest yields of any stock in the market, but you know each of these dividend stocks are almost certainly good for their payouts.
Fortunately for new money, the top 10 Dow dividend stocks all throw off respectable yields, ranging from 2.9% to 5.1%. A concentrated equity income portfolio of these 10 blue-chips names would still offer a decent income stream with defensive and diversity, too.
Here are the top 10 Dow dividend stocks by yield for November: