The "Dogs of the Dow" is a mechanical investing theory born in the early 90's. The strategy is to invest in the top 10 highest-yielding (dividend as a percentage of stock price) Dow stocks at the beginning of each year. The theory is that though stock prices can wildly fluctuate over market cycles, dividends tend to stay stable, so high yielding stocks typically represent undervalued stocks.
While I'm not a mechanical investor by any stretch, I am willing to troll for ideas at a lot of different fishing holes. So without further ado, the Dogs of the Dow for 2008 (with dividend yield) are
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