This Possible Dog of the Dow Just Got Even More Interesting

This Possible Dog of the Dow Just Got Even More Interesting

If you invest in the Dogs of the Dow every year, you could end up buying Pfizer (NYSE: PFE) on Jan. 1. The strategy calls for buying the top 10 highest dividend-yielding stocks in the Dow Jones Industrial Average, and as of Dec. 18, Pfizer has the sixth highest dividend yield in the Dow. Pfizer's chances of being a winning member of the Dogs of the Dow in 2018 may have improved this week, following its decision to increase its quarterly dividend by 6.3% to $0.34 per share and to add $10 billion more to the $6.4 billion remaining on its share buyback program.

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Dow Jones Industrials includes 30 big-cap blue chip companies, and historically, buying the 10 highest dividend-yielding of these companies at year's end has resulted in market-beating returns.

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Source: Fool.com