Updated on February 14th, 2020 by Bob Ciura
Spreadsheet data updated daily
The Dow Jones Industrial Average is an index of 30 large-cap stocks that was first calculated in 1896.
The index was originally focused on industrial stocks, but currently contains 30 businesses from a variety of sectors and industries. The Dow is typically used as a gauge of the broader market.
With that in mind, we’ve compiled a list of all 30 Dow Jones stocks (with relevant financial metrics such as dividend yield and P/E ratios) that you can access by clicking the link below:
The Excel document available for download above contains the following financial metrics for each stock in the index:
- Stock price
- Dividend yield
- Price-to-earnings ratio
- Market capitalization
This article will discuss the composition of the Dow Jones Industrial Average, a list of the highest-yielding Dow stocks, and an explanation of how the Dow 30 is calculated and weighted.
You can use the table of contents below for instant navigation to any specific section.
Table Of Contents
- All Dow Jones 30 Companies
- The “Dogs Of The Dow”
- How The Dow 30 Is Calculated & Weighted
- Recent Constituent Changes To The Dow
- Final Thoughts & Further Reading
All Dow Jones 30 Companies
The Dow Jones Industrial Average is comprised of just 30 securities chosen by S&P Dow Jones Indices. There are no strict rules for inclusion or changes to the index. In general, the Dow 30 are high-quality blue-chip securities.
The 30 stocks in the Dow Jones are listed below in alphabetical order by ticker. Click on the links below to download our newest Sure Analysis Research Database report for each of the Dow 30 companies.
- Apple (AAPL) – [1/29/20 Sure Analysis report]
- American Express (AXP) – [1/29/20 Sure Analysis report]
- The Boeing Company (BA) – [2/5/20 Sure Analysis report]
- Caterpillar (CAT) – [2/4/20 Sure Analysis report]
- Cisco (CSCO) – [11/14/19 Sure Analysis report]
- Chevron (CVX) – [2/2/20 Sure Analysis report]
- The Walt Disney Company (DIS) – [11/16/19 Sure Analysis report]
- Dow, Inc. (DOW) – [2/4/20 Sure Analysis report]
- Goldman Sachs (GS) – [1/18/20 Sure Analysis report]
- Home Depot (HD) – [11/26/19 Sure Analysis report]
- IBM (IBM) – [2/3/20 Sure Analysis report]
- Intel (INTC) – [11/25/19 Sure Analysis report]
- Johnson & Johnson (JNJ) – [1/22/20 Sure Analysis report]
- JP Morgan Chase (JPM) – [1/17/20 Sure Analysis report]
- Coca-Cola (KO) – [10/20/19 Sure Analysis report]
- McDonald’s (MCD) – [1/29/20 Sure Analysis report]
- 3M (MMM) – [1/29/20 Sure Analysis report]
- Merck & Company (MRK) – [2/5/20 Sure Analysis report]
- Microsoft (MSFT) – [1/31/20 Sure Analysis report]
- Nike (NKE) – [12/20/19 Sure Analysis report]
- Pfizer (PFE) – [11/25/19 Sure Analysis report]
- Procter & Gamble (PG) – [11/20/19 Sure Analysis report]
- The Travelers Companies (TRV) – [1/26/20 Sure Analysis report]
- UnitedHealth Group (UNH) – [2/19/20 Sure Analysis report]
- United Technologies (UTX) – [1/28/20 Sure Analysis report]
- Visa (V) – [2/4/20 Sure Analysis report]
- Verizon (VZ) – [1/31/20 Sure Analysis report]
- Walgreens Boots Alliance (WBA) – [1/8/20 Sure Analysis report]
- Walmart (WMT) – [11/18/19 Sure Analysis report]
- Exxon Mobil (XOM) – [2/3/20 Sure Analysis report]
The “Dogs Of The Dow”
The “Dogs of the Dow” investing strategy consists of investing in the 10 highest yielding stocks in the Dow.
These stocks are considered “dogs” because they have higher yields and therefore are likely to be cheaper. Cheaper stocks may be considered “dogs” versus high-flying growth stocks with lofty valuations.
The 10 Dogs Of The Dow now in order by yield from highest to lowest are:
- Dow Inc. (DOW): 5.8%
- Exxon Mobil Corp. (XOM): 5.7%
- Chevron Corporation (CVX): 4.6%
- International Business Machines Corp. (IBM): 4.2%
- Verizon Communications (VZ): 4.2%
- Pfizer Inc. (PFE): 4.0%
- 3M Company (MMM): 3.6%
- Walgreens Boots Alliance (WBA): 3.4%
- Cisco (CSCO): 3.0%
- Caterpillar Inc. (CAT) : 2.9%
You can see detailed analysis on The Dogs Of The Dow by reading this article: Dogs Of The Dow: The 10 Highest Yielding Dow 30 Stocks Now.
How The Dow 30 Is Calculated & Weighted
The Dow 30 is not weighted by market capitalization of its constituents. The S&P 500 and many other indices and ETFs are market cap weighted. The Dow 30, however, is weighted based on share prices.
Share price weighting doesn’t make as much sense as market capitalization weighting because share value is totally dependent upon the number of shares. It would be like measuring a pie based on how many slices it has instead of how large the pie is.
The Dow 30’s price weighting scheme is likely a holdover from the creation of the index.
An index divisor is used that takes into account corporate actions like special dividends and spin-offs in order to keep the price of the Dow Jones Index comparable.
Recent Constituent Changes To The Dow 30
The Dow Jones Industrial Average is compiled by S&P Dow Jones Indices. The constituents of the Dow change from time to time.
The most recent constituent change occurred on April 2nd, 2019, when Dow Inc. (DOW) replaced DowDuPont (DWDP).
Before that, the most recent change was on June 26th, 2018, when Walgreens Boots Alliance (WBA) replaced long-time Dow Jones stalwart General Electric (GE).
Changes to the Dow occur relatively rarely, at a frequency of less than 1 per year on average. There have been only 7 changes to the Dow Jones 30 since 2009.
Final Thoughts & Further Reading
The Dow Jones Industrial Average is one of the most widely followed market benchmarks around. But it’s not the only place to find quality blue chip stocks. Take a look at the stock lists below for more:
- The Dividend Aristocrats Index is comprised of 57 S&P 500 securities with 25+ years of consecutive dividend increases.
- Our High Dividend Stocks List includes 300+ companies with 5%+ yields
- The Dividend Kings List has 20+ companies with an incredible 50+ years of consecutive dividend increases
- The Dividend Achievers List has companies with 10+ years of consecutive dividend increases
We also maintain downloadable spreadsheets that divide the stock market by sectors. You can access these sheets below: