Alphabet Just Joined the Dow Jones Industrial Average. 3 Dow Dividend Stocks to Buy Now.

Alphabet (GOOGL) replaced Verizon in the Dow Jones Industrial Average on June 29, but its 0.3% dividend yield makes it a poor choice for income-focused portfolios. The Motley Fool flagged three alternative Dow components with stronger income profiles: Cisco Systems (CSCO), Coca-Cola (KO), and Amgen (AMGN), all delivering higher yields and positive year-to-date returns.

The index addition marks a symbolic win for Alphabet, validating its cloud and AI growth trajectory. But for traders prioritizing dividend capture within the Dow, the tech giant's meager payout puts it at the bottom of the 30-member index. Cisco, Coca-Cola, and Amgen each offer substantially higher yields—though specific percentages and YTD performance figures weren't disclosed—positioning them as more attractive plays for income strategies tied to blue-chip exposure.

The swap removes a traditional telecom dividend payer (Verizon) and adds a growth-oriented tech name, continuing the Dow's evolution toward higher-multiple, lower-yield constituents.