Stocks had a banner year in 2013, thanks in large part to virtually unlimited quantitative easing and increasingly positive economic indicator readings. But now that the Federal Reserve has begun to scale back its asset purchases, the feel-good market environment of 2013 is giving way to a more discretionary market in terms of picking winners and losers.
Investors are scrubbing the numbers closely to determine fair valuation, which means the market will elevate on fewer names going forward — not everything is going rally on the expectation that QE cures all corporate ills. As the Fed winds down its monthly bond purchases, the idea of a safety net for all equities diminishes greatly.
However, you don’t need to decipher press release after press release to find the safest, blue-chip dividend stocks with a long history of solid, dependable payouts. For steady and reliable income, Dow dividend stocks are your best bet. These are some of the best dividend stocks out there — companies can almost guarantee that their dividends will hit your account each and every pay date.
The top 10 highest-yielding Dow dividend stocks pay out sizable yields ranging from 3% to 5.5%, and they’re often less susceptible to market downtrends, which makes them ideal holdings during uncertain economic times.
Here are the top 10 Dow dividend stocks by yield for January: