Dogs of the Dow Jones by Dividend Yield – Stock, Capital, Investment. Here is an updated sheet of the 10 best Dogs of the Dow. Such stocks have the lowest expected price to earnings ratio and highest dividend yield within the Dow Jones Index. The ten cheapest stocks of the Dow Jones have an average dividend yield of 3.72 percent as well as a forward P/E ratio of 11.69. The average P/B ratio amounts to 2.74 and P/S ratio is 1.89. The two best results are still AT&T (T) and Verizon (VZ). Both companies come from the domestic telecom services industry and have a yield over 5 percent. The second strongly represented industry is the major drug manufacturing industry, covering the following positions. But the best rated stocks are Kraft Foods (KFT) and Pfizer (PFE).