In a year when all three of the major stock indexes in the United States have declined by 15% or more, there are plenty of dividend stocks out there with high dividend yields. However, a large number of these are low-quality companies with declining fundamentals where the dividend yield isn’t sustainable, making them best to avoid.
Yet investors looking for eye-popping dividend yields from high-quality companies are in luck. What if I told you that there is a Dow Jones Industrial Average stock with a yield north of 6%? Dow Inc. (NYSE: DOW) , a maker of various chemical products and one of the Dow Jones Industrial Average’s 30 components, fits this description.
Let’s take a look at it and why it looks like a buy right now.
For further details see:This Dow Stock Is Super Cheap and Pays a Monster Dividend