Here are the 2023 Dogs of the Dow
The 2022 Dogs of the Dow beat the major indices again.
While the Dogs of the Dow stocks fell 1.6% on the year, once you add in the dividend payouts, the Dogs returned 2% on the year.
And while 2% may not sound like a big win, consider this.
In 2022, one of the worst years on record since 2008, the NASDAQ lost 33%. The S&P 500 lost 19%. The Dow Jones lost about 9%. That 2% doesn’t look so bad now, does it?
Now, as we head into 2023, we expect for the Dogs to do even better. To participate, you simply buy the top 10 highest-yielding stocks on the most beaten-down stocks on the Dow Jones. A year from now, you close them out – hopefully for wins – and repeat with a new batch.
For some history: In 2021, the Dogs of the Dow returned about 16.3%. While 2020 wasn’t a great year for the Dogs, most other years have done very well. In 2019, the Dogs were up 20%. In 2018, they were up about 1%, but still beat the Dow, which fell close to 6%. In 2017, the dogs were up 19%. In 2016, they were up 16%.
For 2023, the top Dogs include:
- Verizon (VZ) – which has a current yield of 6.62%
- Dow Inc. (DOW) – with a yield of 5.56%
- Intel (INTC) – with a yield of 5.52%
- Walgreens (WBA) – with a yield of 5.14%
- 3M (MMM) – with a yield of 4.97%
- IBM (IBM) – with a yield of 4.68%
- Amgen (AMGN) – with a yield of 3.24%
- Cisco (CSCO) – with a yield of 3.19%
- Chevron (CVX) – with a yield of 3.16%
- JPMorgan Chase (JPM) – with a yield of 2.98%
Here’s hoping for another solid year for the Dogs of the Dow.