Wall Street is back on its feet again today, though the Dow Jones Industrial Average (DJINDICES:^DJI) has only gained back about 43 points of the 326 it lost yesterday. The recovery isn't driven by anything specific; outside of the Congressional Budget Office announcing that the fiscal 2014 budget deficit is being revised down about $46 billion to $514 billion, there isn't a whole lot of economic news for investors today.  

What's interesting about the move today is that major dividend stocks are wildly outperforming the market. In 2013, it was growth stocks that enamored investors, but so far this year value has taken center stage.

The Dow's top stocks
Among today's Dow leaders are DuPont (NYSE:DD), Pfizer (NYSE:PFE), and 3M (NYSE:MMM), with respective gains of 2.3%, 2.3%, and 2%. What these companies have in common is strong dividends. DuPont and 3M yield 3% and 2.7%, respectively, and have histories of  paying investors dividends that are measured in decades. With uncertainty in emerging markets and questions about whether growth stocks are a good value, it's no surprise that money is flocking to these stocks.

Pfizer yields 3.4% and is helped today by good results in clinical testing for breast cancer treatment palbociclib. The stock is also riding the wave of an upgrade by Jefferies, which thinks the cancer treatment could be a game changer.  

This could be called a "risk off" situation, but it just means investors are seeking value in stocks as opposed to paying a premium for growth potential, as was the theme last year.

We don't know if the theme of the day will continue for long, but it's a time to consider that there are some incredible values on the market that don't require the same risk as growth stocks. DuPont, Pfizer, and 3M are all solid dividend payers with relatively low P/E ratios; in a market where value is hard to find, they're great picks.

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.