It’s Dog Days for the Dogs of the Dow. Why Next Year Might Be Better.

The Dogs are in the doghouse again. The Dogs of the Dow, the 10-highest yielding stocks in the Dow Jones Industrial Average, have returned 10.6% in 2021 (including dividends) based on Nov. 24 prices, behind the index’s 18.9% total return and the S&P 500’s 26.8%. While 2021 isn’t over, the Dogs are on track to trail the Dow for four of the last five years.

The Dogs are popular income and contrarian investments. Most investors rebalance annually at year end. The idea: buying the Dogs each year allows them to rotate into financially…

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