The table below lists the current dividend yields of the thirty components of the DJIA. With a yield of 5.3%, shares of AT&T have the highest payout of the thirty stocks. AT&T is followed by Verizon (VZ) and Intel (INTC) as the only three stocks yielding more than 4%. Yes, you read that correctly. Not only does INTC yield 4.4%, but it is also the third highest yielding stock in the Dow. Ten years ago, INTC paid a token dividend of 2 cents per share per quarter. Over the last decade, though, the company has increased the dividend by more than 1000%. That increase, coupled with the fact that the stock has been a market laggard, has pushed the stock from near the bottom to near the top in terms of dividend payouts.
Right behind INTC, Hewlett-Packard (HPQ) also sports a healthy yield of 4.0%. The stock, however, is anything but healthy. At the start of 2012, shares of HPQ were trading at nearly twice their current price and yielding just 2%. Since then, the stock's dividend yield has doubled, but nearly all of the increase in its yield has come as a result of the lower share price rather than an increase in its dividend.
Subscribe to Bespoke Premium to receive the most unique market research on the Street.