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.
Source: Fool.com
Pfizer Inc. Stock
The stock is one of the favorites of our community with 35 Buy predictions and 4 Sell predictions.
As a result the target price of 40 € shows a very positive potential of 54.62% compared to the current price of 25.87 € for Pfizer Inc..
