Here are the 2023 Dogs of the Dow

Jan 3, 2023

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.  

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