<p><strong>道琼斯工业平均指数</strong> 由 30 只蓝筹股组成，投资者通常将其视为整体经济的代表。在这种重要性下，30 个成分股中除了两只以外，其他都向股东返还现金，这一举措往往表明了稳定性。</p>
<p>然而，投资者可能还希望在强劲的股息之外获得股票增长潜力。为此，这些道琼斯股票在不妨碍股票价格增长潜在回报的情况下，能够提供不断上升的分红。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MDgvZGl2aWRlbmRzLWJsYWNrYm9hcmQtc2tldGNoLWRvb2RsZS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MDgvZGl2aWRlbmRzLWJsYWNrYm9hcmQtc2tldGNoLWRvb2RsZS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 思科系统</h2>
<p>经过多年的缓慢收入增长，<strong>思科系统</strong>(CSCO 1.38%) 的增长终于加速。随着这家网络巨头收购 Splunk，产品订单同比增长 20%（如果不包括 Splunk，则增长 9%）。这一增长源于公司努力将人工智能整合到安全和网络管理中。</p>
<p>订单的增长也应能增强其已经表现强劲的股息。自 2011 年开始提供股息以来，其股息每年都在上升。每股年股息为 1.64 美元，思科目前的股息收益率为 2.4%。这与 <strong>标准普尔 500</strong> 的平均收益率 1.2% 相比表现良好。</p>
<p>更重要的是，思科很可能能够维持其股息增长。在 2025 财年的前九个月（截至 4 月 26 日），其自由现金流达 93 亿美元，足以覆盖该期间 48 亿美元的股息支出。</p>
<p>投资者最近几个月开始关注这只股票。过去一年，该股上涨近 50%，其市盈率为 28，处于多年来的高位。尽管最近增长，但这使得市盈率略低于标准普尔 500 的平均收益倍数 30，表明仍然有时间购买思科股票。</p>
<h2>2. 麦当劳</h2>
<p>股息投资者在 <strong>麦当劳</strong>(MCD 0.49%) 的股票中也可能会发现很多值得关注的地方。诚然，在经济疲软和餐饮行业竞争激烈的情况下，这似乎并不明显，一些投资者可能对其 27 的市盈率感到担忧。然而，由于麦当劳实际上从特许经营中获利，因此这些挑战对其收入的影响可能相对较小。</p>
<p>麦当劳的大部分收入来自特许经营费用和其广泛房地产组合的餐厅租金。虽然它也从这些餐厅获得一部分收入，但这也意味着餐厅销售对公司的影响比 <strong>Chipotle Mexican Grill</strong> 等竞争对手小。</p>
<p>这种稳定性有助于其股息的强劲，自 1976 年推出以来，股息每年都在上升。每股年股息为 7.08 美元，收益率为 2.3%。此外，股息支出似乎是可持续的，因为其超过 67 亿美元的自由现金流覆盖了 2024 年约 49 亿美元的股息支出。</p>
<p>此外，过去一年该股上涨超过 20%。将这一点与股息回报结合起来，投资者似乎在麦当劳中发现了一只意外强劲的增长和收入股票。</p>
<h2>3. 联合健康集团</h2>
<p>在道琼斯股息股票中，投资者可能在健康保险公司 <strong>联合健康集团</strong>(UNH -1.53%) 中发现独特的购买机会。该公司为个人提供健康保险，包括医疗保险和医疗补助接受者，以及雇主的计划。</p>
<p>尽管如此，由于医疗成本上升导致 2025 年第一季度的盈利指引下调，其股票已下跌近 40%。首席执行官布莱恩·汤普森的悲惨枪击事件也给股票带来了困扰。此外，司法部和《纽约时报》的调查对其一些商业做法提出了质疑。股票价格的急剧下跌几乎抹去了该股五年来的所有涨幅。</p>
<p>尽管这些挑战往往会对股票造成压力，至少在一段时间内，但如果联合健康能够妥善处理这些指控，应该能够恢复。此外，该公司的当前股价为投资者提供了极大的激励去购买该股票。其市盈率已降至 13，为 2013 年以来的最低点。</p>
<p>这一下降也使其股息收益率提升至 2.8%，接近历史最高水平。值得注意的是，股息已连续 15 年上升，目前每年向股东支付 8.84 美元。</p>
<p>此外，尽管成本上升，联合健康近 210 亿美元的自由现金流使其能够满足 2024 年 75 亿美元的股息支出。因此，联合健康不仅能够承担其慷慨且不断上升的股息，投资者还有独特的机会以异常低的价格购买该股票。如果能够承受其风险，健康保险股票提供了巨大的增长潜力。</p>

思科

联合健康

<p>本文讨论了三只道琼斯股息股票：思科系统、麦当劳和联合健康。思科的股息收益率为 2.4%，得益于强劲的自由现金流，正在经历增长。麦当劳的股息收益率为 2.3%，受益于特许经营的稳定性，股票上涨了 20%。尽管联合健康的股票下跌了 40%，但其股息收益率为 2.8%，并且自由现金流显著，为愿意接受风险的投资者提供了买入机会。这三只股票都在股息的支持下，具备潜在的增长空间</p>

<p>The <strong>Dow Jones Industrial Average</strong> comprises 30 blue chip stocks that investors often regard as a proxy for the overall economy. Amidst that prominence, all but two of the 30 components return cash to shareholders, a move that tends to affirm that stability.</p>
<div class="lb-trans"><p><strong>道琼斯工业平均指数</strong> 由 30 只蓝筹股组成，投资者通常将其视为整体经济的代表。在这种重要性下，30 个成分股中除了两只以外，其他都向股东返还现金，这一举措往往表明了稳定性。</p>
</div><p>Still, investors may also want stock growth potential along with a strong dividend. To that end, these Dow stocks are well-positioned to deliver rising payouts without compromising potential returns from stock price growth.</p>
<div class="lb-trans"><p>然而，投资者可能还希望在强劲的股息之外获得股票增长潜力。为此，这些道琼斯股票在不妨碍股票价格增长潜在回报的情况下，能够提供不断上升的分红。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ1MDgvZGl2aWRlbmRzLWJsYWNrYm9hcmQtc2tldGNoLWRvb2RsZS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F824508%2Fdividends-blackboard-sketch-doodle.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Cisco Systems</h2>
<div class="lb-trans"><h2>1. 思科系统</h2>
</div><p>After years of slow revenue increases, growth is finally speeding up for <strong>Cisco Systems</strong>(CSCO 1.38%). Coming off the networking giant's acquisition of Splunk, product orders are up 20% year over year (or 9% if not including Splunk). The growth comes as companies work to integrate AI into security and network management.</p>
<div class="lb-trans"><p>经过多年的缓慢收入增长，<strong>思科系统</strong>(CSCO 1.38%) 的增长终于加速。随着这家网络巨头收购 Splunk，产品订单同比增长 20%（如果不包括 Splunk，则增长 9%）。这一增长源于公司努力将人工智能整合到安全和网络管理中。</p>
</div><p>The rising orders should also bolster what has already served as a strong dividend. Its payout has risen every year since the company began offering dividends in 2011. At $1.64 per share annually, Cisco now has a dividend yield of 2.4%. That compares well to the <strong>S&amp;P 500</strong>'s average yield of 1.2%.</p>
<div class="lb-trans"><p>订单的增长也应能增强其已经表现强劲的股息。自 2011 年开始提供股息以来，其股息每年都在上升。每股年股息为 1.64 美元，思科目前的股息收益率为 2.4%。这与 <strong>标准普尔 500</strong> 的平均收益率 1.2% 相比表现良好。</p>
</div><p>More importantly, Cisco can likely sustain its dividend growth. In the first nine months of fiscal 2025 (ended April 26), it generated $9.3 billion in free cash flow, enough to cover the $4.8 billion in dividend costs over that period.</p>
<div class="lb-trans"><p>更重要的是，思科很可能能够维持其股息增长。在 2025 财年的前九个月（截至 4 月 26 日），其自由现金流达 93 亿美元，足以覆盖该期间 48 亿美元的股息支出。</p>
</div><p>Investors have begun to take notice of the stock in recent months. The stock is up by nearly 50% over the last year, and its P/E ratio of 28 sits at multi-year highs. Despite that recent growth, that places the P/E ratio slightly under the S&amp;P 500 average earnings multiple of 30, indicating there is likely still time to buy Cisco stock.</p>
<div class="lb-trans"><p>投资者最近几个月开始关注这只股票。过去一年，该股上涨近 50%，其市盈率为 28，处于多年来的高位。尽管最近增长，但这使得市盈率略低于标准普尔 500 的平均收益倍数 30，表明仍然有时间购买思科股票。</p>
</div><h2>2. McDonald's</h2>
<div class="lb-trans"><h2>2. 麦当劳</h2>
</div><p>Dividend investors may also find a lot to like in <strong>McDonald's</strong>(MCD 0.49%) stock. Admittedly, that might not seem to be the case amid a sluggish economy and intense competition in the restaurant industry, and some investors may be leery of its 27 P/E ratio. However, since McDonald's actually profits from franchising, such challenges may have relatively little effect on its top line.</p>
<div class="lb-trans"><p>股息投资者在 <strong>麦当劳</strong>(MCD 0.49%) 的股票中也可能会发现很多值得关注的地方。诚然，在经济疲软和餐饮行业竞争激烈的情况下，这似乎并不明显，一些投资者可能对其 27 的市盈率感到担忧。然而，由于麦当劳实际上从特许经营中获利，因此这些挑战对其收入的影响可能相对较小。</p>
</div><p>McDonald's earns most of its revenue from franchising fees and restaurant rentals from its extensive real estate portfolio. While it also claims a percentage of the revenue driven from these restaurants, it also means that restaurant sales have less of an effect on the company than rivals such as <strong>Chipotle Mexican Grill</strong>.</p>
<div class="lb-trans"><p>麦当劳的大部分收入来自特许经营费用和其广泛房地产组合的餐厅租金。虽然它也从这些餐厅获得一部分收入，但这也意味着餐厅销售对公司的影响比 <strong>Chipotle Mexican Grill</strong> 等竞争对手小。</p>
</div><p>That stability contributes to the strength of its dividend, which has risen every year since its introduction in 1976. At $7.08 per share annually, it yields 2.3%. Furthermore, the payout appears sustainable, as its more than $6.7 billion in free cash flow covered the dividend costs of about $4.9 billion in 2024.</p>
<div class="lb-trans"><p>这种稳定性有助于其股息的强劲，自 1976 年推出以来，股息每年都在上升。每股年股息为 7.08 美元，收益率为 2.3%。此外，股息支出似乎是可持续的，因为其超过 67 亿美元的自由现金流覆盖了 2024 年约 49 亿美元的股息支出。</p>
</div><p>Additionally, the stock was up just over 20% over the last year. When combining that with returns on the dividend, investors appear to have a surprisingly robust growth and income stock in McDonald's.</p>
<div class="lb-trans"><p>此外，过去一年该股上涨超过 20%。将这一点与股息回报结合起来，投资者似乎在麦当劳中发现了一只意外强劲的增长和收入股票。</p>
</div><h2>3. UnitedHealth Group</h2>
<div class="lb-trans"><h2>3. 联合健康集团</h2>
</div><p>When it comes to Dow dividend stocks, investors may have a unique buying opportunity in health insurer <strong>UnitedHealth Group</strong>(UNH -1.53%). The company offers health insurance to individuals, including Medicare and Medicaid recipients, as well as plans for employers.</p>
<div class="lb-trans"><p>在道琼斯股息股票中，投资者可能在健康保险公司 <strong>联合健康集团</strong>(UNH -1.53%) 中发现独特的购买机会。该公司为个人提供健康保险，包括医疗保险和医疗补助接受者，以及雇主的计划。</p>
</div><p>Nonetheless, its stock has fallen by nearly 40%, as rising medical costs led to lower earnings guidance in the first quarter of 2025. The tragic shooting of CEO Brian Thompson also plagued the stock. Moreover, investigations by the Department of Justice and <em>The New York Times</em> have called some of its business practices into question. So severe was the drop in the stock price that the selling has wiped out almost all the stock's five-year gain.</p>
<div class="lb-trans"><p>尽管如此，由于医疗成本上升导致 2025 年第一季度的盈利指引下调，其股票已下跌近 40%。首席执行官布莱恩·汤普森的悲惨枪击事件也给股票带来了困扰。此外，司法部和《纽约时报》的调查对其一些商业做法提出了质疑。股票价格的急剧下跌几乎抹去了该股五年来的所有涨幅。</p>
</div><p>Although such challenges tend to weigh on stocks, at least for a time, UnitedHealth should be positioned for recovery if it properly addresses those allegations. Additionally, the company's current stock price gives investors a tremendous incentive to take a position in the stock. Its P/E ratio has fallen to 13, its lowest point since 2013.</p>
<div class="lb-trans"><p>尽管这些挑战往往会对股票造成压力，至少在一段时间内，但如果联合健康能够妥善处理这些指控，应该能够恢复。此外，该公司的当前股价为投资者提供了极大的激励去购买该股票。其市盈率已降至 13，为 2013 年以来的最低点。</p>
</div><p>The decline has also boosted its dividend yield to 2.8%, close to all-time highs. With that, it is worth noting that the payout has risen for 15 straight years and now pays shareholders $8.84 per share annually.</p>
<div class="lb-trans"><p>这一下降也使其股息收益率提升至 2.8%，接近历史最高水平。值得注意的是，股息已连续 15 年上升，目前每年向股东支付 8.84 美元。</p>
</div><p>Furthermore, despite rising costs, UnitedHealth's nearly $21 billion in free cash flow enabled it to meet its $7.5 billion in dividend costs in 2024. Hence, not only can UnitedHealth afford its generous, rising dividend, but investors also have a unique opportunity to buy this stock at an unusually low price. If one can tolerate its risks, the health insurance stock offers tremendous potential for growth.</p>
<div class="lb-trans"><p>此外，尽管成本上升，联合健康近 210 亿美元的自由现金流使其能够满足 2024 年 75 亿美元的股息支出。因此，联合健康不仅能够承担其慷慨且不断上升的股息，投资者还有独特的机会以异常低的价格购买该股票。如果能够承受其风险，健康保险股票提供了巨大的增长潜力。</p>
</div>

3 只永远值得买入和持有的不可阻挡的道琼斯股息股票