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.
Image source: Getty Images.
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.
Source: Fool.com
Pfizer Inc. Stock
With 32 Buy predictions and 4 Sell predictions Pfizer Inc. is one of the favorites of our community.
With a target price of 41 € there is a hugely positive potential of 56.28% for Pfizer Inc. compared to the current price of 26.24 €.
