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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.

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