Dogs Of The Dow 2024: Big Dividends From Top Blue-Chip Stocks

Entering 2024, the investment strategy known as the 'Dogs of the Dow' has surfaced once again, bringing to attention a select group of high-dividend-yielding blue-chip stocks. This year’s pack, affectionately deemed less-than-attractive 'homely hounds,' is garnering attention due to their substantial dividend offerings, outstripping the broader market’s yields by more than threefold. Investors may be pondering if these stocks warrant a place in their portfolio. To uncover the potential benefits of investing in these canine companions, we delve deeper into the financial pedigree of two noteworthy members of this year’s Dogs: CVX and JNJ.

Chevron Corporation: Fuelling Dividend Growth

CVX, or Chevron Corporation, stands out as an American multinational energy colossus. Boasting a legacy tied to Standard Oil, Chevron operates out of San Ramon, California, with business ventures spreading across over 180 countries. Its multifaceted operations encompass hydrocarbon exploration and production; refining, transportation, and marketing; chemicals production and sales; and power generation. As a member of the Dow Jones Industrial Average, CVX secures its position as a steadfast dividend payer within the 2024 Dogs of the Dow group.

Johnson & Johnson: A Healthy Investment Dose

Another pack leader is JNJ, also known as Johnson & Johnson. This US-founded multinational is known for its expansive reach in medical devices, pharmaceuticals, and consumer goods. With a history dating back to 1886, JNJ is deeply rooted in the healthcare industry and is a mainstay on the Dow Jones Industrial Average and the Fortune 500 list. Esteemed for its AAA credit rating—a distinction higher than that of the US government itself—JNJ epitomizes a resilient investment, especially in uncertain economic times. As one of the 2024 Dogs, JNJ offers investors a potentially strong dividend yield as part of its financial profile.

Dividends, Blue-Chip, Investment