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The following table lists the ten highest yielding Dow stocks as of the close on December 31, 1996. These ten stocks are 1997's Dogs of the Dow. Of these ten Dow stocks, the five stocks with the lowest closing price are 1997's Small Dogs of the Dow.
| Symbol | Company | Price | Yield | Small Dog |
| New York Stock Exch. | The Dow stocks ranked by yield on 12/31/96 | on 12/31/96 | on 12/31/96 | on 12/31/96 |
| MO | Philip Morris | 113 | 4.19% | No |
| JPM | Morgan (J.P.) | 97 5/8 | 3.53% | No |
| TX | Texaco | 98 1/8 | 3.44% | No |
| CHV | Chevron | 65 | 3.25% | Yes |
| XON | Exxon | 98 | 3.18% | No |
| T | AT&T | 43 3/8 | 2.99% | Yes |
| GM | General Motors | 55 3/4 | 2.88% | Yes |
| IP | International Paper | 40 1/2 | 2.45% | Yes |
| DD | DuPont | 94 1/8 | 2.38% | No |
| MMM | Minnesota Mining & Manufacturing | 83 | 2.31% | Yes |
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