Record dividends no match for recession woes gripping market
Even record dividends aren’t tempting investors enough to bet on stocks they see as more vulnerable in a recession.
By Ksenia Galouchko and Michael Msika / Bloomberg
Big dividend payers in the energy, mining and financial sectors have trailed the market this year as investors rotated away from cyclicals into defensive and growth sectors. That’s made dividend yield among the worst-performing investing factors in Europe and the US, according to data compiled by Bloomberg.
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