An American stock market index of 30 companies is the Dow Jones Industrial Average. The index uses a price-weighted measurement, and the majority of its companies are traded on the New York Stock Exchange and the NASDAQ. Most of these companies are well-known and well-respected, such as McDonald’s and Verizon. 2021 saw a gain of about 18.7 percent for the Dow Jones Industrial Average. It was an increase of 21.4% for the Nasdaq Composite Index.
Insider Monkey highlights the 10 best Dow dividend stocks to double your income. By beating expectations, the company’s EPS in the fourth quarter of 2022 was $1.53. This was a record-breaking quarter for Walmart Inc., which generated $151.5 billion in revenue, eclipsing the previous quarter’s $139.2 billion in sales. In the world of fast food, McDonald’s Corporation is a household name. This dividend has been raised for the last 45 years. Over the next year or so, the company’s risk-adjusted total return is expected to be positive. A manufacturer of construction and mining equipment, Caterpillar Inc. A $2.69 EPS and $13.8 billion in revenue are the company’s fiscal fourth-quarter results for 2021. Both were better than expected by $0.43 and $558.9 million. In the fiscal fourth quarter of 2021, Johnson & Johnson reported an EPS of $2.13 and a revenue of $24.8 billion. The company has been steadily increasing its dividend for the past 59 years, making it one of the best dividend stocks in the Dow. Robert Ottenstein, an analyst at Evercore ISI, gave the Coca-Cola Company an Outperform rating in February. Soft drinks like Diet Coke and Fanta, as well as tea and coffee, are offered by the company to its customers. For more details, click 10 Best Dow Dividend Stocks To Double Your Income.
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