In 2019, the massive industrial conglomerate DowDuPont split off into three companies. Dow (NYSE: DOW) focuses on commodity chemicals, DuPont de Nemours mostly deals with specialty chemicals, and Corteva is an agriculture chemical and seed company.

Surprisingly, Dow stock has been down since the spinoff despite its results improving mightily. What's more, Dow pays a juicy $0.70-per-share quarterly dividend -- good for a forward dividend yield of 5.6%. 

Let's discuss why Dow is a fundamentally sound business and a reliable dividend stock that is worth investing in now.

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Source Fool.com