Following the Dogs of the Dow investment strategy involves purchasing dividend-paying Dow stocks that have underperformed. While the 2024 Dogs of the Dow have lagged the index by 14 percentage points, some stocks like Verizon are still considered worthwhile investments as the market begins to stabilize. Verizon's strong quarterly earnings and high dividend yield make it a candidate for potential gains. In comparison, the overall performance of previous years' Dogs showed mixed results, with some years outperforming the indices.
The 2024 Dogs of the Dow lagged the broader market significantly with an average return of just 10.1%, compared to the Dow's 14.4%.
Though the Dogs of the Dow strategy typically starts in January, there are still promising opportunities like Verizon that investors should consider as markets recover.
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