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Monday, February 6, 2012

Is Bubble Trouble Ahead for Dividend-Paying Stocks?

By Christine Benz | Morningstar

RELATED QUOTES

SymbolPriceChange
FSTMX39.03+0.60
MMM87.73+0.00
INTC26.74+0.00
PEP66.66+0.00
GE19.02+0.00
It seems almost oxymoronic, but dividend-paying stocks are hot. Income-producing stocks dramatically outperformed non-dividend-payers in 2011's quality-conscious market environment, and dividend-focused ETFs and mutual funds have been gathering assets at a good clip.
It's easy to see the appeal. Still reeling from accounting frauds and the bursting of two bubbles in the space of a decade, many investors view a company's ability to pay a dividend as an important demonstration of financial strength and stability. And although the risk profiles of stocks and bonds are completely different, some yield-starved investors have viewed dividend-payers as an attractive alternative to bonds, given the latter's low payouts and potential vulnerability in the face of rising interest rates... read more.

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