CNBC Pro tracked how this blue-chip group is faring and what Wall Street sees in store for these stocks.
It's been a mostly good year for a group of blue-chip stocks, even as artificial intelligence continues to dominate the investor psyche. A cohort known as the "dogs" of the Dow Jones Industrial Average is a changing list of stocks with the highest dividend yield at the end of each year. Popularized by investor Michael O'Higgins in the early 1990s, the idea is to buy the top 10 stocks with the highest dividend yields at the start of each year.
Pro tracked how the 2024 dogs have done so far this year and compiled data from FactSet on where these names can go next. These stats are current as of Monday afternoon: Verizon runs the dog house with the highest current dividend yield at 6.6%. Shares have climbed more than 12% this year. Just around one out of every three analysts polled by FactSet has a buy rating on the stock. However, the average price target suggests about 10% more room to run over the next year. With a decline of 4.
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