The 2022 Dogs of the Dow beat the major indices, even in a “ruff” year.
While the Dogs of the Dow stocks fell 1.6% on the year, once you add in the dividend payouts, the Dogs returned 2% on the year.
And while 2% may not sound like a big win, consider this.
In 2022, one of the worst years on record since 2008, the NASDAQ lost 33%. The S&P 500 lost 19%. The Dow Jones lost about 9%. That 2% doesn’t look so bad now, does it?
So, how are the Dogs doing in 2023?
Let’s start with a look at how the other indices are doing first. Year to date, the Dow Jones is up a whopping 1.12%. The NASDAQ is up just over 27% thanks to the AI boom. The S&P 500 is up just over 12%. Not too shabby. With the Dogs of the Dow for 2023, which carries an average yield of 4.67%, the return so far is (2%) without dividends factored in.
- Verizon (VZ) – which has a current yield of 8.21% — fell from about $38 to $32.41
- Dow Inc. (DOW) – with a yield of 5.43% — ran from $49.99 to $51.56
- Intel (INTC) – with a yield of 1.41% – ran from $26.72 to $35.55
- Walgreens (WBA) – with a yield of 8.63% – fell from about $37 to $22.24
- 3M (MMM) – with a yield of 6.41% – fell from about $120 to $93.62.
- IBM (IBM) – with a yield of 4.73% – is up slightly from $140 to $140.30
- Amgen (AMGN) – with a yield of 3.17% — fell from about $258 to $268.76
- Cisco (CSCO) – with a yield of 2.9% — jumped from about $47.48 to $53.76
- Chevron (CVX) – with a yield of 3.58% — fell from about $176 to $168.62
- JPMorgan Chase (JPM) – with a yield of 2.9% — ran from about $134 to $145.02
For some history: In 2021, the Dogs of the Dow returned about 16.3%. While 2020 wasn’t a great year for the Dogs, most other years have done very well. In 2019, the Dogs were up 20%. In 2018, they were up about 1%, but still beat the Dow, which fell close to 6%. In 2017, the dogs were up 19%. In 2016, they were up 16%.
