The stock market had a tough 2022 with many of the top indexes down in double digits. Among the stock indices that went down was the Dow Jones industry average.

With falling prices, the dividend yields of many components increase in the new year.

Here’s a look at the top-performing Dow Jones stocks at the start of 2023.

What happened: Created in 1896 by Karl Dow, the Dow Jones Industrial Average is one of the oldest and most widely followed stock indexes for overall stock market health. The Dow Jones Industrial Average consists of 30 stocks on a price-weighted basis.

That SPDR Dow Jones Industrial Average ETF Trust SLIDEwhich tracks the index is down 9.2% year-to-date (to December 29).

Related link: Just 4 Dow Jones Industrial Average stocks are up in the first three quarters of the year, here’s who made the cut

Dow Jones stocks with the highest yields: Of the 30 constituents of the Dow Jones, 27 of the stocks pay dividends. Only Boeing Co B.A, Walt Disney Co DIS and Salesforce Inc CRM do not currently pay dividends.

The average payout has been around 2.57% for the 30 Dow Jones constituents, with the top four all paying out 5% or more at the time of writing.

Here are the top 10 highest yielding ones Dow Jones stocks at the start of 2023:

Verizon Communications Inc. vz: 6.76% yield, stock -25.1% YTD 2022 (ytd)

Intel Corporation INTC: 5.57% yield, stock -50.8% YTD

dow inc DOW: 5.53% yield, stock -11.0% YTD

Walgreens Boots Alliance Inc WBA: 5.12% yield, stock -29.4% YTD

3M Co mmm: 4.94% yield, stock -32.2% YTD

IBM IBM: 4.68% yield, stock +3.7% YTD

Amgen, Inc. AMGN: 3.24% yield, stock +16.1% YTD

Cisco Systems Inc CSCO: 3.20% yield, stock -24.8% YTD

Chevron Corporation CVX: 3.19% yield, stock +49.5% YTD

JPMorgan Chase & Co JPM: 3.00% yield, stock -15.9% YTD

Why it matters: With high inflation and a market downturn in 2022, investors may be looking to blue chip stocks and dividend payers for safety to head into 2023.

While a stock that pays dividends doesn’t guarantee the shares…