Dogs of the Dow

Malcolm  Baker; Samuel G. Hanson; James  Weber

Case | HBS Case Collection | January 2015 (Revised October 2018)

Dogs of the Dow

by Malcolm Baker, Samuel G. Hanson and James Weber

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;

Language: English

Format: Print

19 pages

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Citation:

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

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Dogs of the Dow

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