These 3 Blue Chip Dividend Stocks Make Up 24% of the Dow Jones Industrial Average. Here's My Top Pick.

Created in 1896, the Dow Jones Industrial Average is one of the best-known U.S. indexes. It is price-weighted, meaning its 30 components are weighted based on their stock prices rather than their market caps. This means that stock splits can have a major impact on the Dow.

Microsoft (NASDAQ: MSFT), UnitedHealth Group (NYSE: UNH), and Goldman Sachs Group (NYSE: GS) are the three largest Dow components and all trade at over $460 a share. Together, they make up roughly 24% of the Dow, whereas the average component holds a mere 3.3% weighting.

All three companies operate in vastly different industries but pay stable and growing dividends. Here's why Microsoft is my favorite pick out of the three.

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Source Fool.com