2 Beaten-Down Dividend Stocks in the Dow Jones Industrial Average With Above-Average Yields. Are They Buys Now?

Investors who are hungry for dividend-paying stocks that can be relied on will want to turn their attention toward the Dow Jones Industrial Average (DJINDICES: ^DJI). It's a great place to start looking for streams of passive income.Entry into the index is limited to well-established and nationally important businesses that can produce steady profits during both bull markets and prolonged economic downturns. However, such qualities aren't always permanent. For example, the index ejected Walgreens Boots Alliance this February. The pharmacy chain operator's underlying businesses have performed so poorly in recent years that the company could sell itself to a private equity firm.The average trailing dividend yield among the 30 stocks that make up the Dow Jones Industrial Average is an uninspiring 1.9% at recent share prices. Two of the 30 don't distribute dividends at all. However, there are a couple of stocks in the index with yields more than twice that rate: Verizon Communications (NYSE: VZ) and Chevron (NYSE: CVX), both of which have tumbled by more than 10% in recent weeks. Those lower share prices have enhanced their yields, but do the companies have what it takes to maintain their payout-raising streaks?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool