With stocks rallying for over 3 months now, dividend yields continue to fall back to Earth.  Today, two new components join the Dow, one with a dividend and one without.  Travelers [TRV 43.44 -0.31 (-0.71%) ] has a yield of 2.74% while Cisco [CSCO 19.565 -0.305 (-1.53%) ], like many tech companies, does not pay a dividend.  Their combined dividends, however, are still higher than the two companies they are replacing, Citigroup [C 3.51 0.05 (+1.45%) ] and GM [GMGMQ 1.08 0.215 (+24.86%) ], thereby increasing the overall average for the Dow.  The average yield is now 3.11%, far from the 4.5% we saw in early March, but just below the 3.13% we saw one month ago.

Below is a table listing the yields of all 30 Dow components.  Since April, AT&T [T 24.1476 -0.4124 (-1.68%) ] continues to be the highest yielding stock on the Dow.  Verizon [VZ 29.075 -0.175 (-0.6%) ] has moved ahead of DuPont[DD 25.72 -1.28 (-4.74%) ] for second and third place.

By: Ariel Nelson Director of Market Data & Content Services via  cnbc.com

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