Top Dow Dividend Stocks, Part 1

By InvestorPlace. This column was published in two parts. To see Part 2, click here.

Daytraders like to complain about how the Dow Jones Industrial Average doesn't reflect the broader market, or how the 30 component stocks never see shares wiggle more than a percent or two in a single trading session. But they're missing the point.

While the Dow certainly has its detractors among short-term traders with a need for instant gratification, these big-name blue chips have a lot of appeal to conservative investors. And some of the biggest selling points for Dow stocks are their healthy dividends.

Even if shares of the 30 Dow components are unlikely to double your money in a few months or even a few years, investors shouldn't discount the value of nice quarterly payouts to supplement their bank accounts. After all, the money you make from dividends spends the same way as money make from selling shares.

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If you're looking for stable stocks with a hefty dividend payout, the Dow is full of them. Following is a list of five of the Top 10 Highest-Yielding Dow Dividend Stocks.