The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves discusses topics from across the investing world.

Over the next several weeks, we'll be looking at each of the components of the Dow Jones Industrial Average and subjecting each of them to a dividend checkup. Today, we're looking at Kraft. It's the No. 2 packaged food provider in the world after Nestle. The company has 12 brands that generate a billion in sales or more, including Oreo, Maxwell House, Oscar Meyer, and many others you'd recognize. Warren Buffett's Berkshire Hathaway is one of its biggest shareholders. Kraft pays an impressive dividend of 3%, which is about what the Dow's average payout is at the moment. This is only slightly below big Dow stalwarts McDonald's and Procter & Gamble, which pay out 3.2% and 3.6%, respectively. Kraft, which will be spinning off its North American grocery business, remains a popular holding among hedge fund managers at the moment, who think that the spinoff will unlock additional value. This one may be worth a closer look.

Kraft is one of the strongest dividend-paying stocks out there. If you'd like to learn about some additional income-generating stalwarts, The Motley Fool has compiled a special free report outlining our top nine dependable, dividend-paying stocks. It's called "Secure Your Future With 9 Rock-Solid Dividend Stocks." You can access your copy today at no cost! Just click here to discover the winners we've picked.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.