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Cohen: Dividends Have Decidedly Not Had Their Day

Long-term investors shouldn't sell out of solid dividend-payers just because of temporary price dislocations, says the ClearBridge Equity Income Fund manager.

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Dan Culloton: Dividend paying stocks have outperformed the broad market over the past five years. Recently, though, dividend paying stocks have taken a hit.

Here with me to talk about this phenomenon is Hersh Cohen, manager of the ClearBridge Equity Income Fund.

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Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.