14 of the DJIA 30
... thats's the number of DJIA stocks with a dividend yield higher than the yield on their ~ten year bonds. I knew there were a handful of Dow stocks in that situation, but was surprised to find nearly half.
This yield inversion means these companies could issue debt to finance a share buyback and improve cash flow. That doesn't mean they should, just that they could. It also means income investors considering these companies' bonds should also be considering the stock.
Stocks aren't bonds and the risks are different. But, I believe many of the stocks listed in the article offer lower risk and will produce more income over the next ten years than their bonds. I'm counting on at least the three I own (INTC, MCD, T) to outperform their own bonds.