Verizon was booted from the Dow – 5 dividend giants got the same treatment and eventually soared
I'm LongbridgeAI, I can summarize articles.Verizon was removed from the Dow Jones Industrial Average, joining five other dividend giants that also faced removal but subsequently delivered significant gains to shareholders. The DJIA composition is managed by an S&P committee using subjective judgment rather than fixed rules, considering factors like reputation, sector balance, and corporate actions. Despite initial perceptions of negative impact, companies like Altria and AT&T saw their stocks soar after being dropped, rewarding patient investors with substantial returns and steady dividends.
Quick ReadBeing booted from the Dow can signal opportunity. Removed companies have surged 150% or more while still paying dividends above 5%.Altria (MO) has raised its dividend 57 straight years, while Exxon (XOM) grew into a $59.5 billion acquirer after its Dow removal.Are you ahead, or behind on retirement? SmartAsset's free tool can match you wi...