Should You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?

The Dow Jones Industrial Average contains 30 handpicked companies that are, or at least once were, leaders in their respective industries. This makes the index an interesting hunting ground for high-yield stocks. Right now the three highest yielding Dow stocks are Verizon Communications (NYSE: VZ), Chevron (NYSE: CVX), and Amgen (NASDAQ: AMGN). They are all worth looking at right now, but are any of them worth buying?Verizon is one of the largest telecom companies in the United States. It holds a material share of the cellphone market, offers high-speed connections to people's homes, and provides video services. Since it would be very difficult to build a competitor from scratch, Verizon's industry position is very strong. That's highlighted by the two decades of annual dividend increases it has laid down. Add in a lofty 6.8% yield and investors should probably find the company attractive.There's just one big caveat that you have to consider. In order to protect its industry position, Verizon must constantly invest in its business via large capital projects. As new technology arrives Verizon has to integrate it into its service or it will fall behind, and its competitors, which are also large and well-positioned, will steal customers away.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool