The storied past of the Dow Jones Industrial Average and its continued relevance today to some segments of the market make it a go-to place for investors searching for industry-leading companies. Although the index isn't perfect, the majority of the 30 components in the index do a good job representing their sector.

Three Motley Fool contributors were asked to explain why Dow components Caterpillar (NYSE: CAT), Home Depot (NYSE: HD), and Chevron (NYSE: CVX) might make excellent dividend stocks worth buying in 2024. Here's what they had to say.

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Source Fool.com