Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • January 2015 (Revised October 2018)
  • Case
  • HBS Case Collection

Dogs of the Dow

By: Malcolm Baker, Samuel G. Hanson and James Weber
  • Format:Print
  • | Language:English
  • | Pages:19
ShareBar

Abstract

This case describes the Dogs of the Dow investment strategy, value investing, and using dividend yields as a means to determine intrinsic value. It also describes exchange traded notes and a particular exchange traded note, known as the Dogs of the Dow, which tracks the performance of the 10 highest yielding stocks of the 30 stocks that make up the Dow Jones Industrial Average (DJIA). The case provides share price data, dividend data, and financial statement data on the 30 DJIA companies to enable students to perform their own calculations.

Keywords

Dow Jones; Dow Jones Industrial Average; Exchange Traded Note; Exchange Traded Fund; Value Investing; Benjamin Graham; Investment Strategy; Dividend Yield; Intrinsic Value; Dividend Discount Model; Michael O'Higgins; Financial Instruments; Investment; Strategy; Financial Services Industry; United States

Citation

Baker, Malcolm, Samuel G. Hanson, and James Weber. "Dogs of the Dow." Harvard Business School Case 215-020, January 2015. (Revised October 2018.)
  • Educators
  • Purchase

About The Authors

Malcolm P. Baker

Finance
→More Publications

Samuel G. Hanson

Finance
→More Publications

Related Work

    • October 2018
    • Faculty Research

    Dogs of the Dow: Example Pfizer Valuation

    By: Samuel G. Hanson
    • December 2018 (Revised January 2019)
    • Faculty Research

    Dogs of the Dow

    By: Samuel G. Hanson
    • January 2015 (Revised October 2018)
    • Faculty Research

    Dogs of the Dow

    By: Malcolm Baker, Samuel G. Hanson and James Weber
Related Work
  • Dogs of the Dow: Example Pfizer Valuation By: Samuel G. Hanson
  • Dogs of the Dow By: Samuel G. Hanson
  • Dogs of the Dow By: Malcolm Baker, Samuel G. Hanson and James Weber
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College