Alphabet Is the Dow's Newest Member. This One Has Been Raising Its Dividend Since Before Google Existed.

It's not often that components of the Dow Jones Industrial Average (DJIA) are shuffled, truthful erstwhile caller companies appear, it's usually a much-discussed event. This was surely the lawsuit successful precocious June, erstwhile S&P Global announced that Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) would beryllium joining the index, replacing Verizon Communications.

But portion the shake-up means a caller sanction volition beryllium added to the Dow, it's worthy noting the storied histories of immoderate of the Dow's members. One stock, successful fact, has been a Dow constituent for astir a period -- and raising its dividend since earlier Google's co-founders Larry Page and Sergey Brin were born.

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How is Alphabet a bluish spot of a antithetic hue?

Unlike galore constituents that person earned their stripes done decades of manufacture enactment and beardown fiscal performance, Alphabet has been admitted to the Dow for reasons different than its performance.

S&P Global acknowledges Alphabet arsenic a worthy Dow component, successful part, for its diversified portfolio, which provides industry-leading integer services spanning galore tech niches, including advertising, unreality infrastructure, and artificial quality (AI). Moreover, S&P Global states that including Alphabet "will broaden and fortify the DJIA's vulnerability to these dynamic areas of the U.S. economy."

While it doesn't person a lengthy operating past to its credit, Alphabet's "larger marketplace capitalization and stock price, unneurotic with the breadth of its businesses, marque it a much typical Communication Services constituent successful the DJIA," successful S&P Global's estimation.

This user goods stalwart is simply a regal dividend banal

Tracing its roots backmost to 1837, Procter & Gamble (NYSE: PG) is simply a sanction galore radical admit for its galore household products -- everything from babe attraction to idiosyncratic grooming. Procter & Gamble's banal familiarity arsenic a Dow constituent and arsenic a dividend powerhouse, connected the different hand, whitethorn beryllium lesser known.

Procter & Gamble banal debuted successful the Dow Jones successful 1932, making it 1 of the longest-tenured Dow components. Perhaps adjacent much awesome is its steadfast dedication to rewarding shareholders. A Dividend King (a institution that has boosted its dividend for 50 consecutive years), Procter & Gamble banal has hiked its dividend for 70 years successful a enactment -- a feat that fewer companies tin laic assertion to.