In an era when high-frequency traders exploit split-second stock price movements, Don Taylor sounds like a throwback to a different time. The manager of the highly rated Franklin Rising Dividends mutual fund talks about stock-picking almost like someone evaluating a potential spouse."We're trying to find good companies, and sticking with them," Taylor says, "unless they get too expensive." Taylor's fund (FRDPX) exemplifies the patient approach to investing that most believe wins out over frequent trading. He cites Becton Dickinson, a medical device maker added to his stock portfolio in 1996, shortly after he began managing Franklin Rising Dividends. That stock has remained in the fund ever since and frequently has been among the top holdings. So has discount retailer Family Dollar, a stock inherited from his predecessor. Both have appreciated sharply during Taylor's tenure, but the biggest payback has come from dividend increases. Becton Dickinson's annual payout is $1.80 a share, compared with 23 cents when Taylor bought the stock. The company has increased its dividend 40 consecutive years, thanks to steady demand for its surgical tools, syringes and other medical devices. Around $74 now, the stock has nearly quadrupled since Taylor bought it.
Read more here: http://www.myrtlebeachonline.com/2012/08/02/2975648/fund-manager-investors-would-be.html#storylink=cpy
Read more here: http://www.myrtlebeachonline.com/2012/08/02/2975648/fund-manager-investors-would-be.html#storylink=cpy
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