Highest yielding Dow stocks

CNBC had an interesting story yesterday on the Dow stocks with the highest yields. Bank of America leads the list with a yield over 9% today. Citigroup (C) and Pfizer (PFE) have yields in the 6s, although the div for Citigroup is very suspicious. Then AT&T (T) and Verizon (VZ) have yields in the 4s. Of course high yields imply a risk factor, homework needs to be done before investing.

In the old days, there was a concept called "Dogs of the Dow." The idea was to buy the 10 with the highest yields. There was a mechanism to reset every year. It fell out of favor in this decade, but maybe deserves another look-see.