EN
This study presents empirical evidence on the profitability of an investment strategy focused on high dividend yield stocks from the Warsaw Stock Exchange. We construct the portfolios of top 10 highest dividend yielding companies, which are rebalanced annually over the period of 1997-2007. The results demonstrate that such portfolios are capable of beating the market (represented by the WIG20 index) in the entire analyzed sample, however this has not been happening consistently in all sub-periods. Therefore, this type of investment should be viewed as a long-term rather than a short-term strategy.