In March 2019, Morningstar published their Income Bellwether Watchlist with data from February 11, 2019. Below is the performance of the stocks based on the highest and lowest dividend yield from February 11, 2019 to February 7, 2020 (intraday).
Based on the data, High Yield stocks severely underperformed the Dow Jones Industrial Average, even in the best case scenario. Meanwhile, the Low Yield stocks trounced the Dow Jones Industrial Average. This data confirms our work in the Dogs of the Dow.