7 Dow Stocks That Didn't Survive the Decade
The Dow Jones Industrial Average had a heck of a good run over the past decade, even as membership in this bastion of just 30 blue-chip stocks changed dramatically.
On a price basis alone, the large-cap average has gained more than 160% since the last day of trading in 2009. Include dividends - all Dow stocks are dividend payers - and the industrial average has delivered a total return in excess of 230%. Indeed, the Dow has generated a 10-year annualized total return of 10.5%.
It's not unusual for the folks at S&P Dow Jones Indices, which operates the index, to make changes to the Dow. As a price-weighted average, it's necessary that the Dow stocks with the highest prices not get too far away from those with the lowest prices, lest those low-priced stocks become immaterial to the Dow's performance.
The keepers of the index also
