Wall Street Is Buzzing About Alphabet Joining the Dow. Income Investors Should Be Looking at This Stock Instead.
Yahoo Finance ·
Google parent Alphabet is officially a member of the Dow Jones Industrial Average . I nclusion of this stock in the oldest U.S. equity index comes at the expense of Verizon Communications and continues the "tech-ification" of the Dow. An index that was once heavy on old economy stocks now allocates about 21% of its weight to the "growthier" technology and communication services sectors. And because the Dow weights holdings by share price, Alphabet is now the gauge's sixth-largest component, a prominent perch for a new addition. Alphabet joins the group of Dow dividend payers , which includes all of the index's members except Amazon . And to the Google owner's credit, it has boosted its payout twice since launching it in 2024. However, investors seeking reliable equity income among Dow members should remember a familiar name: Coca-Cola ( KO +3.51% ) . Alphabet is the new "cool kid" in the Dow, but don't forget about Coca-Cola. Image source: Getty Images. Coca-Cola commands just 0.9% of the Dow's weight. Only Nike is a smaller member of the index. That fact doesn't obscure the beverage maker's status as a blue chip dividend stock .
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