Dividends Aren't Dead

In an interview, Brian McMahon, manager of Thornburg Investment Income Builder fund, talked about global telecoms. They believe that if they own securities capable of growing the dividend, they will also get long-term capital appreciation. AT&T is the only telecom company that they own in the US...

Full description

Saved in:
Bibliographic Details
Published in:Barron's 2013-07, Vol.93 (26), p.23
Main Author: Williams, Grace L
Format: Article
Language:English
Subjects:
Dividends
Energy industry
Investment policy
McMahon, Brian
Stock prices
Telecommunications industry
Yield
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In an interview, Brian McMahon, manager of Thornburg Investment Income Builder fund, talked about global telecoms. They believe that if they own securities capable of growing the dividend, they will also get long-term capital appreciation. AT&T is the only telecom company that they own in the US, but they are also participating in Verizon Communications via Vodafone. They like telecom largely for the fixed-cost nature of business. The yields in energy companies tend to be somewhere between 4.5% and 6%. They have significant positions in Total, Royal Dutch Shell and ENI.
ISSN:1077-8039