General Electric (GE) is the New 'Dog' on the Street
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As 2011 comes to an end, dividend-seeking investors will be looking to the 2012 "Dogs of the Dow" list to come up with investment opportunities.
The "Dogs of the Dow" is a simple strategy. It suggests buying the ten Dow Jones Industrial Average stocks which have the highest dividend yield at the beginning of the year.
With a 3.7 percent yield, General Electric (NYSE: GE) looks like a shoe-in for the 2012 list. The conglomerate was not on the 2011 "dogs" list.
Two dividend hikes in 2011 has pushed the annual dividend to $0.68 per share and a lagging-share price has pushed the yield to the current juicy levels.
The 2011 "dogs" performed great, with McDonald's (NYSE: MCD) leading the way up 31 percent. McDonald's will be off the 2012 list as the great stock performance has pushed the dividend yield down to 2.8 percent.
Average yield for the "dogs" starting 2011 was 4.13 percent, down slightly from 4.17 percent in 2010.
The "Dogs of the Dow" is a simple strategy. It suggests buying the ten Dow Jones Industrial Average stocks which have the highest dividend yield at the beginning of the year.
With a 3.7 percent yield, General Electric (NYSE: GE) looks like a shoe-in for the 2012 list. The conglomerate was not on the 2011 "dogs" list.
Two dividend hikes in 2011 has pushed the annual dividend to $0.68 per share and a lagging-share price has pushed the yield to the current juicy levels.
The 2011 "dogs" performed great, with McDonald's (NYSE: MCD) leading the way up 31 percent. McDonald's will be off the 2012 list as the great stock performance has pushed the dividend yield down to 2.8 percent.
Average yield for the "dogs" starting 2011 was 4.13 percent, down slightly from 4.17 percent in 2010.
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