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Top 10 Dividend Stocks of Our Ultimate Stock-Pickers

While few of our Ultimate Stock-Pickers focus solely on dividends, income-paying stocks have become important contributors to the portfolios of many of our top managers.

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By Greggory Warren, CFA | Senior Stock Analyst

Even with all of the uncertainty we've seen in the markets this year, the S&P 500 TR Index is up close to 15% since the start of 2012. While one would assume that this has been a big positive for managers of U.S. stock funds, the reality is that most managers of U.S stock funds have struggled with investor redemptions, even as the value of the holdings in their portfolios has increased. According to data provided by Morningstar DirectSM, close to $115 billion flowed out of actively managed U.S. stock funds during the first 11 months of 2012. This was greater than the record level of outflows that affected these funds during 2008, with the financial crisis leading to $108 billion in net redemptions from actively managed U.S. stock funds, and was more than $14 billion higher than levels recorded last year (as outflows increased dramatically during the third quarter in response to the European credit crisis and the squabbling over the debt ceiling here in the U.S.). What's odd about this year's outflows is that domestic markets are up double digits this year, compared to a 37% decline during 2008 and what ended up being a 2% gain last year (after a 14% decline during the third quarter).

The Morningstar Ultimate Stock-Pickers Team does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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