With price tags over $739 and $664 respectively, Alphabet and Amazon would likely need to undergo significant splits before the Dow can consider adding these stocks. A bare minimum split would be 7-for-1 for each stock, which is exactly what Apple did months before S&P Dow Jones said the stock would be added to the blue-chip index.
Adding Alphabet and Amazon to the Dow would also affect the new Guggenheim Dow Jones Industrial Average Dividend ETF (NYSEArca: DJD). DJD, which debuted last week, weighs the 30 Dow stocks by yield, which works because all 30 current members are dividend payers. Neither Alphabet nor Amazon pay dividends and the companies have made no indications that dividends are a near-term reality for either.
SPDR Dow Jones Industrial Average ETF
