Look No Futher Than the Dow 30 For Juicy Dividends

With dividend yields in some cases eclipsing treasury and corporate bond yields, there is little doubt that dividend stocks have been hot. However, data from Dow Jones Indexes shows you have to look no further than the popular The Dow Jones Industrial Average to capitalize on this trend.

The 30 stocks in the Dow are expected to increase their annual dividend payout by 8.40% year-over-year and 2.18% from the previous quarter, according to a first-quarter 2012 survey by Dow Jones Indexes.

These top companies are expected to distribute $107 billion for the 12 months beginning April 1, 2012, or 37% of all indicated annual dividends (IAD), which is a gauge that that accounts for roughly 95% of the U.S. equity market.

Nine of the 10 largest dividend distributions in the U.S. market – by total estimated payout – are DJIA component companies:

• AT&T (NYSE: T), $10.5 billion IAD, or $1.76 per share;
  
• Exxon Mobil (NYSE: XOM) , $9.1 billion, $1.88;
  
• General Electric (NYSE: GE), $7.2 billion, $0.68;
  
• Pfizer (NYSE: PFE), $6.8 billion, $0.88;
  
• Chevron (NYSE: CVX), $6.5 billion, $3.24;
  
• Johnson & Johnson (NYSE: JNJ), $6.2 billion, $2.28;
  
• Microsoft, $6.0 billion (Nasdaq: MSFT), $0.80;
  
• Procter & Gamble (NYSE; PG), $5.8 billion, $2.10; and
  
• Verizon (NYSE: VZ), $5.7 billion, $2.00.

Since the end of 2011's fourth quarter, six DJIA companies have increased their per-share dividends: Cisco Systems (Nasdaq: CSCO), by 33.33%; JPMorgan Chase & Co. (NYSE: JPM), 20.00%; Pfizer (NYSE: PFE), 10.00%; Wal-Mart Stores (NYSE: WMT), 8.90%; Coca-Cola (NYSE: KO), 8.51%; and 3M Co. (NYSE: MMM), 7.27%.

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