The table below lists changes the Dow Jones Industrial Average (DJIA) since early 1929. It is a compilation of the stocks that were added and removed from the index.
Date | Added | Removed |
---|---|---|
8-Nov-24 | Sherwin-Williams | Dow |
8-Nov-24 | Nvidia | Intel |
26-Feb-24 | Amazoninc.com | Walgreens Boots Alliance |
31-Aug-20 | Salesforce | ExxonMobil |
31-Aug-20 | Honeywell | Raytheon |
31-Aug-20 | Amgen | Pfizer |
2-Apr-19 | Dow | DowDuPont |
26-Jun-18 | Walgreens | General Electric |
18-Mar-15 | Apple | AT&T |
20-Sep-13 | Nike | Alcoa |
20-Sep-13 | Goldman Sachs | Bank of America |
20-Sep-13 | Visa | Hewlett-Packard |
21-Sep-12 | Unitedhealth Group | Kraft |
8-Jun-09 | Travelers Companies | Citigroup |
8-Jun-09 | Cisco Systems | General Motors |
22-Sep-08 | Kraft | American International Group |
19-Feb-08 | Bank of America | Altria |
19-Feb-08 | Chevron | Honeywell |
8-Apr-04 | Verizon | AT&T |
8-Apr-04 | American International Group | International Paper |
8-Apr-04 | Pfizer | Kodak |
1-Nov-99 | Microsoft | Chevron |
1-Nov-99 | Intel | Goodyear |
1-Nov-99 | Home Depot | Sears |
1-Nov-99 | SBC Communications | Union Carbide |
17-Mar-97 | Johnson & Johnson | Bethlehem Steel |
17-Mar-97 | Citigroup (Travelers Group) | CBS (Westinghouse Electric) |
17-Mar-97 | Hewlett-Packard | Texaco (Texas Corp.) |
17-Mar-97 | Walmart | Woolworth |
6-May-91 | Caterpillar | Navistar International (International Harvester) |
6-May-91 | J.P. Morgan | Primerica (American Can) |
6-May-91 | Disney | USX (U.S. Steel) |
12-Mar-87 | Boeing | Inco Limited (International Nickel) |
12-Mar-87 | Coca-Cola | Owens-Illinois |
30-Oct-85 | McDonald's | American Brands (American Tobacco B) |
30-Oct-85 | Philip Morris | General Foods (Postum Inc.) |
30-Aug-82 | American Express | Manville Corporation (Johns-Manville) |
29-Jun-79 | IBM | Chrysler |
29-Jun-79 | Merck | Esmark (Swift & Company) |
9-Aug-76 | Minnesota Mining & Manufacturing | Anaconda |
1-Jun-59 | Anaconda | American Smelting |
1-Jun-59 | Esmark (Swift & Company) | Corn Products Refining |
1-Jun-59 | Owens-Illinois | National Distillers |
1-Jun-59 | Alcoa (Aluminum Company of America) | National Steel |
3-Jul-56 | International Paper | Loew's Inc. |
14-Mar-39 | AT&T | IBM |
14-Mar-39 | United Technologies (United Aircraft) | Nash Kelvinator (Nash Motors) |
20-Nov-35 | DuPont | Bordon |
20-Nov-35 | National Steel | Coca-Cola |
13-Aug-34 | National Distillars | United Technologies (United Aircraft) |
15-Aug-33 | Corn Products Refining | Drug Inc. |
15-Aug-33 | United Technologies (United Aircraft) | International Shoe |
26-May-32 | Coca-Cola | Hudson Motor |
26-May-32 | American Brands (American Tobacco B) | Liggett & Myers |
26-May-32 | Drug Inc. | Mack Trucks |
26-May-32 | IBM | National Cash Register |
26-May-32 | Loew's Inc. | Paramount Publix |
26-May-32 | Nash Kelvinator (Nash Motors) | Radio Corp. |
26-May-32 | International Shoe | Texas Gulf Sulpher |
26-May-32 | Procter & Gamble | United Air Transport |
18-Jul-30 | Eastman Kodak | American Brands (American Tobacco B) |
18-Jul-30 | Borden | American Sugar |
18-Jul-30 | Goodyear | Atlantic Refining |
18-Jul-30 | Hudson Motor | Curtiss-Wright |
18-Jul-30 | Liggett & Myers | General Railway Signal |
18-Jul-30 | Chevron (Standard Oil of California) | Goodrich |
18-Jul-30 | United Air Transport | Nash Kelvinator (Nash Motors) |
29-Jan-30 | Manville Corporation (Johns-Manville) | North American |
14-Sep-29 | Curtiss-Wright | Wright Aeronautical |
8-Jan-29 | National Cash Register | Victor Talking Machine |
History of Changes to the Dow Jones Index
Charles Dow and his business partner Edward Jones created the index with 12 constituents on May 26, 1896. The number of companies was expanded to 20 in 1916. In 1928, Peter Hamilton, the editor of the Wall Street Journal, redid the index, replacing six stocks and increasing the number to 30. He changed how the Dow Jones was calculated and established the Dow Jones Divisor for continuity.
Since then, the Dow Jones Industrial Average index has been changed approximately 70 times.
Additions and deletions are few and far between. However, the S&P Dow Jones Indices has recently made updates more frequently because of economic conditions and company-specific issues. The 1990s saw the addition of more financial, tech, and retail companies, which replaced traditional industrial firms. This trend has continued, and the DJIA is no longer a barometer of only American industrial corporations.
Initial 12 Dow Jones Companies
The initial 12 companies in the Dow Jones Industrial Average were,
- American Cotton Oil Company
- American Sugar Refining Company
- American Tobacco Company
- Chicago Gas Company
- Distilling & Cattle Feeding Company
- General Electric
- Laclede Gas Company
- National Lead Company
- North American Company
- Tennessee Coal, Iron and Railroad Company
- United States Leather Company
- United States Rubber Company
The first 12 companies are no longer in the DJIA. Most companies were acquired, ceased operations, or broken up because of antitrust action. General Electric is still an independent company. It was an index member at the time of creation before being dropped in 2018 and had the longest streak. However, it was dropped twice and added twice between 1898 and 1907. Laclede Gas changed its name to Spire and is still operating. American Sugar Refining is now Domino Foods. The National Lead Company is now NL Industries.
Related Articles on Dividend Power
- Nasdaq vs. NYSE: Learn the Difference Before Your Start Investing
- How Do Stocks Work: Essential Tips for Beginners
Here are my recommendations:
Affiliates
- Simply Investing Report & Analysis Platform or the Course can teach you how to invest in stocks. Try it free for 14 days.
- Sure Dividend Newsletter is an excellent resource for DIY dividend growth investors and retirees. Try it free for 7 days.
- Stock Rover is the leading investment research platform with all the fundamental metrics, screens, and analysis tools you need. Try it free for 14 days.
- Portfolio Insight is the newest and most complete portfolio management tool with built-in stock screeners. Try it free for 14 days.
Receive a free e-book, “Become a Better Investor: 5 Fundamental Metrics to Know!” Join thousands of other readers !
*This post contains affiliate links meaning that I earn a commission for any purchases that you make at the Affiliates website through these links. This will not incur additional costs for you. Please read my disclosure for more information.
Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.