Only two stocks were negative contributors to the Dow last year – International Business Machines (NYSE: IBM) and Alcoa (NYSE: AA). IBM is DIA’s second-largest holding at a weight of 7.3%. Alcoa, along with Bank of America (NYSE: BAC) and Hewlett-Packard (NYSE: HPQ) were remove from the Dow and replaced with Visa (NYSE: V), Goldman Sachs (NYSE: GS) and Nike (NYSE: NKE). Visa and Goldman are now DIA’s largest and third-largest holdings, respectively, combining for about 15.4% of the fund’s weight. [What Three New Stocks Bring to the Dow ETF]
Twenty-two Dow members were positive contributors to the index in both 2012 and 2013, S&P Dow Jones Indices said.
Dow Points by Stock
Chart Courtesy: S&P Dow Jones Indices
At $11 billion, Exxon Mobil (NYSE: XOM), the largest U.S. oil company, was the Dow’s biggest dividend payer last year. AT&T (NYSE: T) was next at $9.84 billion followed by GE at $8.17 billion. All 30 Dow members pay dividends.
The Dow traded higher on 146 occasions last year and to the downside 106 times with 3M ranking as the stock most likely to rise, S&P Dow Jones Indices noted. Caterpillar (NYSE: CAT) was the Dow member to trade lower on any given day in 2013.
Tom Lydon’s clients own shares of General Electric.