When investing in stocks, options, and other investment vehicles, there are many strategies available to investors, and these strategies change over time. Over the years, one of the most popular strategies for U. S. stocks has been the dividend stock investment strategy. The $DJIA(.DJI)$ contains many dividend-paying stocks, including many blue-chip companies that have consistently raised their dividends. Here are the Dow stocks with the highest dividend yields for 2024. Let's start by reviewing the performance of the Dow Jones Industrial Average in 2023. The Dow rose 14% last year, with 19 components up and 11 down. In December, the Dow Jones Industrial Average hit an all-time high, topping 37,000. Investors can choose to invest in the entire Dow Jones Industrial Average, for example by buying an ETF such as the $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$. However, investors can also invest in selected stocks from the 30 index components. One of the most popular strategies for investing in the Dow, known as the Dow Dog Stock Strategy, which selects 10 stocks with the highest dividend yield from the Dow to invest each year, and these stocks are often stocks that have plummeted in the past year. Here are the dividend yields of the 10 Dow Dog Stocks in 2024 and their stock price performance in 2023: $Walgreens Boots Alliance(WBA)$ : Dividend yield 7.35%, decline of 30.1% in 2023 $Verizon(VZ)$ : Dividend yield 7.06%, down 4.3% in 2023 $3M(MMM)$ : Dividend yield 5.4%, down 8.8% in 2023 $Dow Chemical(DOW)$ : Dividend yield 5.11, up 8.8% in 2023 $IBM(IBM)$ : Dividend yield 4.06%, up 16.1% in 2023 $Chevron(CVX)$ : Dividend yield 4.05%, down 16.9% in 2023 $Amgen(AMGN)$ : Dividend yield 3.12%, up 9.7% in 2023 $Coca-Cola(KO)$ : Dividend yield 3.12%, down 7.4% in 2023 $Cisco(CSCO)$ : Dividend yield 3.09%, up 6.0% in 2023 $Johnson & Johnson(JNJ)$ : Dividend yield 3.04%, down 11.3% in 2023 All 10 of the Dow Dog Stocks have dividend yields above 3%, with two of them yielding more than 7%. Of the 30 stocks, 28 pay dividends, with the exceptions $Salesforce.com(CRM)$ and $Boeing(BA)$ . In addition, $Walt Disney(DIS)$ paid a dividend in December 2023, the company's first dividend in four years. In total, the 10 Dow Dog Stocks have an average dividend yield of 4.28%, compared with 2.54% for the Dow Jones Industrial Average over the same period, and 1.6% for the $SPDR S&P 500 ETF Trust(SPY)$, which tracks the $S&P 500(.SPX)$ .