Now that the 10-Year Treasury Note has been back to close to the 3.00% yields again, we wanted to see which Dow Jones Industrial Average components had a higher dividend yield than the 10-Year Treasury pays to investors.  There are actually 7 of the 30 DJIA stocks out-yielding the 10-Year now and there are many which are right within striking distance today if the shares fall only marginally.  The seven DJIA comp
onents currently yielding more than the 10-year Treasury today are AT&T Inc. (NYSE: T), Intel Corporation (NASDAQ: INTC), Johnson & Johnson (NYSE: JNJ), Kraft Foods Inc. (NYSE: KFT), Merck & Company, Inc. (NYSE: MRK), Pfizer, Inc. (NYSE: PFE), and Verizon Communications Inc. (NYSE: VZ).

There is a second group of five stocks which is a group that is “almost” there in dividend yields rivaling the 10-Year Treasury Note.  These five shares have either rallied so that new investors don’t quite get the yield or their payouts are close but not quite there at the 3.20% mark. This group includes Chevron Corporation (NYSE: CVX), E.I. du Pont de Nemours (NYSE: DD), General Electric Company (NYSE: GE), McDonald’s Corporation (NYSE: MCD), and The Procter & Gamble Company (NYSE: PG).  We also cannot forget about former DJIA component Altria Group Inc. (NYSE: MO) as it has an extremely high yield and many still often confuse Big Tobacco for being a DJIA component.

The first group of high dividend payers is the group that out-yields the 10-Year Treasury today.  You will notice that some even out-yield the 30-Year Treasury’s Long Bond of 4.32%.

AT&T Inc. (NYSE: T) is the dividend king of the DJIA today with a 5.50% yield.  At $31.39, Thomson Reuters has a consensus price target of $32.56 and its 52-week trading range is $23.78 to $31.94.  This one even pays more than the Long Bond.

Intel Corporation (NASDAQ: INTC) is showing just what it means to be a high-paying tech dividend stock now that it has just again raised its dividend for the second time in a year.  The new dividend based upon the forward payout here is now 3.57%.  It trades around $23.50 now, Thomson Reuters has a consensus price target of $25.69, and the 52-week range is $17.60 to $23.96.

Johnson & Johnson (NYSE: JNJ) may have recall problems, but it has been a laggard in the market up until recently. It sports a 3.40% yield.  At $66.10, Thomson Reuters has a consensus price target of $69.24 and its 52-week range is now $56.86 to $67.37.

Kraft Foods Inc. (NYSE: KFT) is another DJIA stock which had lagged and lagged, but its defensive nature has led it to hold up better of late.  Despite shares being close to highs it pays 3.31% in dividend yields today.  At $35.00, its consensus Thomson Reuters price target is $35.94 and its 52-week range is $27.59 to $35.10.