Treasury Bond Yields vs DJIA Dividend Yields
August 16, 2007
The decline of the stock market by over 10% in the last 30 days combined with a fall in U.S. Treasury yields has narrowed the gap between dividend yields on the Dow Jones Industrial Average and the yield on the 10-year Treasury Bond yield to 2.18% down from the over 4.00% differential seen earlier this year.
Standard and Poor's Dividend Yield 2.07%
NASDAQ 100 Dividend Yield 0.52%
DOw Jones Industrial Average Dividend Yield 2.42%
10-Year Treasury Bond Yield 4.60%
Individual Yields of the 30 Dow Jones stocks
Pfizer 5.22%
Citigroup 4.79%
Altria 4.46%
Verizon Communications 4.03%
AT&T 3.86%
JPMorgan Chase 3.34%
General Electric 3.25%
General Motors 3.25%
Dupont 3.08%
Merck 3.07%
Home Depot 2.97%
Johnson & Johnson 2.76%
Coca-Cola 2.65%
Wal Mart 2.37%
Procter & Gamble 2.31%
3M 2.30%
McDonalds 2.29%
Alcoa 2.13%
Intel 2.11%
Caterpillar 2.05%
Honeywell International 1.96%
ExxonMobil 1.81%
United Technologies 1.80%
Boeing 1.67%
Microsoft 1.58%
IBM 1.55%
American Int'l. Group 1.25%
American Express 1.13%
Disney 1.10%
Hewlett Packard 0.0%
Historically a narrowed gap between dividend yields and Treasury yields has meant that stocks have been undervalued, but buyer beware!
