dogs of the dow 2023

Exposure amounts are all over the map, but if it comes in at the low end, these levels are going to prove to be a great buying opportunity. Intel is a company that needs to turn things around and they are investing a lot of money in an attempt to do that. These three stocks, INTC, MMM, and JPM, all have inherent risks, some larger than others. 3M is known for having a diversified portfolio of products, more well-known for items like their post-it notes, masks, scotch tape, and MANY other products. Mr. Gelsinger has set out to “right size” the company, in which they announced layoffs at the end of 2022 and further layoffs could be coming. That will be an interesting point to follow up on when the company reports Q4 earnings next week.

2023’s Preliminary Dogs of the Dow – 24/7 Wall St.

2023’s Preliminary Dogs of the Dow.

Posted: Fri, 30 Dec 2022 08:00:00 GMT [source]

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. However, the Dogs of the Dow strategy underperform for some periods. For example, the annualized return was about 9.2% compared to approximately 16.0% for the S&P 500 Index in the past decade through 2021.

Dogs of the Dow 2023: 5 Dividend Stocks to Watch

The company expects the net selling price to continue to decline as the product faces competition. JPMorgan Chase reported fourth quarter and full-year earnings results on January 13th, 2023, and results were better than expected. On February 15th, 2023, Cisco announced a 2.6% dividend increase in the quarterly payment to $0.39 per share. Earnings-per-share totaled $3.32, but this was well off consensus estimates of $5.97 and below last year’s total of $10.81.

The company’s routers and switches allow networks worldwide to connect to each other through the internet. Goldman Sachs was founded in 1869 and has grown into one of the world’s leading financial companies over the last 150+ years. The company has a focus on investment banking but competes in a wide variety of service activities to a diverse and broad base of global customers. The list of the Dogs of the Dow 2023 is given in the table below. The list is based on data from December 31, 2022, when the Dogs of the Dow for 2022 were identified. The average yield at the start of 2023 was 4.51%, which is more than three times the average of the S&P 500 Index.

Dogs of the Dow: Daily YTD Performance Tables

If you’re looking for the Dogs Of The Dow for 2023, there’s a strong crop to pick from. Due to falling stock prices, the 10 highest yielding stocks in the Dow now sport an average yield of 4.4%, up slightly from the Dogs’ 4% yield going into 2022. By region, the Americas grew 9%, Europe/Middle East/Africa increased by 5%, and Asia-Pacific/Japan/China was up by 1%.

For all steps required to invest in the 2023 Dogs of the Dow, get the free Dogs of the Dow Checklist. O’Higgins back-tested the strategy to the 1920s and found that the Dogs of the Dow outperformed the broader market. For instance, between 1992 and 2001, the Dogs of the Dow returned 10.8% average annual total returns matching the Dow 30 and beating the S&P 500 Index, which returned 9.6%. Large range of metrics and information about individual stocks. There are also screeners, investment news, research reports, charting capability, analyst rankings, watch lists, portfolios, etc. Stock Rover is a leading investment research and portfolio management platform offering more than 8,500 stocks, 4,000 ETFs, and 40,000 mutual funds in the United States and Canada.

Dog of the Dow #2: 3M Company (MMM)

With this in mind, we have compiled a list of over 400 large-cap stocks in the S&P 500 Index, with market caps of $10 billion or more. The Dogs of the Dow strategy produced a price change of -1.8%, beating the Dow’s performance by about 7 percentage points. Moreover, when you add the roughly 4% yield that the Dogs of the Dow paid, they saw their return move into positive territory at around 2%. It was the first year since 2018 that the Dogs outperformed the Dow Jones Industrials. Verizon is the highest dividend yielding Dow stock at the close of 2022 with a dividend yield of 6.6%.

Consulting revenue increased 0.5% to $4,770M from $4,746 due to a 7% rise in Business Transformation, 10% in Technology Consulting, and 12% in Application Operations. The company’s adjusted earnings-per-share for the quarter blew away expectations, coming in at $3.56, which was 46 cents ahead of estimates. Revenue surged 18% year-over-year to $34.5 billion, which was $270 million more than expected. Adjusted earnings-per-share of $0.88 compared to $0.84 in the prior year. Cisco Systems is the global leader in high-performance computer networking systems.

Dogs of the Dow #8: Cisco

As you can see in the chart, Chevron shares we up over 50% in 2022, far surpassing all the others. Only 3 of these 10 stocks were positive on the year, as Amgen and IBM also joined CVX in positive territory. But just like that, in a disastrous 2022, the Dogs stood up when just about everything—including the industrial average itself—fell down. The Dow Dogs, as mentioned, finished in the green on a total-return basis while the S&P 500 lost 18%. If you don’t recall the “Dogs Of The Dow,” it’s understandable. The technique, popularized in 1991, of buying the 10 highest yielding Dow Jones stocks coming into a new year, fell out of favor amid the megacap tech stock boom.

dogs of the dow 2023

The Dogs of the Dow website is primarily dedicated to the investing strategy. In addition, you can review the Dogs of the Dow website for past year lists. The current stocks in the Dow 30 are listed in the table below. The 2023 Dogs of the Dow are picked from this list at the end of each calendar year.

Dog of the Dow #8: JPMorgan Chase (JPM)

That’s all it takes, and there’s nothing more to do until the end of the year. At that point, you can either close out the strategy or continue into the next year. You’ll also need to rebalance your holdings of stocks that stay on the Dogs list to get back to equal weightings.

Buy 7 June Dividend Kings And Watch 3 – Seeking Alpha

Buy 7 June Dividend Kings And Watch 3.

Posted: Wed, 31 May 2023 07:00:00 GMT [source]

And one way for any investor to invest in blue chip stocks is to invest in stocks that are listed on the Dow Jones Industrial Average (DJIA). The Dogs of the Dow refers to the 10 highest yielding stocks on the Dow Jones Industrial Average (DJIA). Investors can use these stocks to execute a profitable strategy that attempts to beat the DJIA average by tilting their portfolio to high-yield dividend stocks. The Dow Dogs of the Dow strategy is an investment approach which involves buying an equal dollar amount in the 10 highest-yielding Dow stocks at the start of each year and holding them for a year.

Walgreens Boots Alliance (WBA)

We project that IBM will see earnings-per-share grow 4.1% to $9.50 in 2023. The decline in sales was due to lower revenue in all operating segments, as the company noted slower economic activity globally and destocking customer behavior. Adjusted earnings-per-share came to $0.46, which was 11 cents below estimates. Revenue decreased by 18% to $11.9 billion and missed expectations by nearly $200 million.

  • The company pays a $1.46 per share dividend, which was increased 5% in 2022, and is expected to get another hike next week when the company releases earnings.
  • Then in November of this year, Village MD announced its intention to buy urgent care provider Summit Health for $9 billion.
  • Over the years, the Dogs of the Dow strategy has generated mixed results, but in a year like 2022, dividends really made a difference.
  • Dow has strategically located its facilities close to low-cost sources.