The Dow Jones Industrial Average hit a new all-time high on Oct. 11, driven by impressive gains from stalwart names like Coca-Cola, Home Depot, and McDonald’s. Not all Dow components offer high yields, with Boeing suspending its dividend and tech stocks like Microsoft, Apple, and Amazon having low yields. However, Johnson & Johnson, Dow, and Chevron are three of the highest-yielding stocks in the index, offering an average yield of 4.2% and the potential to generate at least $300 in passive income per year. These dividend stocks are worth considering for investors.

Johnson & Johnson has faced challenges in recent years, including a decline in demand for its COVID-19 vaccine and the spinoff of its consumer health business. Despite lawsuits related to talc-based products, J&J is expected to turn the corner with solid results and a growing business. With a dividend yield of 3.1%, J&J stands out compared to the S&P 500’s yield of 1.2%.

Dow, a chemical company, has seen revenue and margins decline recently but is poised for an earnings uptick in 2025. Despite volatility, Dow is a reliable income stock with a 5.2% yield, making it the second-highest yielding stock in the Dow Jones. Chevron, another cyclical business, offers a 4.3% yield and a strong track record of dividend raises, making it a balanced investment in the oil and gas sector.

Investors interested in Johnson & Johnson should weigh their options carefully, as the stock was not identified among the 10 best stocks by the Motley Fool Stock Advisor team. While J&J has a solid history of dividend increases, there may be other opportunities for higher returns in the market.

Read more at Nasdaq: All It Takes Is $2,500 Invested in Each of These 3 High-Yield Dow Dividend Stocks to Help Generate Over $300 in Passive Income Per Year