Dividend Sleuth's  Instablog

Dividend Sleuth
Send Message
I'm a 65-year-old investor focused on dividends in a Retirement Income Portfolio. I'm not yet in the distribution phase of retirement.  I've been a member of the National Association of Investment Clubs (NAIC) since 1982, which now operates as BetterInvesting.org. For many years as a... More
My company:
My book:
Companion to the Old Testament: For the Interpreter Within Each One of Us
  • Consuelo Mack Interview With Bill Priest 2 comments
    May 27, 2013 12:26 PM

    It's appropriate that the markets are silent on this Memorial Day of remembrance.

    This week's WealthTrack interview by Consuelo Mack is with Bill Priest and Tim Hartch, "Award Winning Managers, Contrasting Strategies."

    Dividend investors may be particularly interested in Priest's comments about how stocks are chosen for his MainStay Epoch Global Equity Yield Fund.

    Priest says every company has five options for how to deploy its free cash flow:

    1. Pay dividends

    2. Buy back stock

    3. Pay down debt

    4. Invest in the business

    5. Buy other companies.

    His goal is to build a fund with a 9% return, comprised of 4.5% in dividends, 1.5% in either buybacks or debt reduction, and 3% growth.

    I always enjoy looking at the portfolios of funds that have great track records. Priest's Global Equity fund seeks to have 100-105 stocks with a low beta (.75). Here are the top ten equity sectors in the fund's holdings (as of March 28, 2013):

    Diverse Telecommunication Services 11.30%

    Pharmaceuticals 10.88%

    Tobacco 7.74%

    Electric Utilities 7.09%

    Multi-Utilities 6.90%

    Media 4.95%

    Oil, Gas & Consumable Fuels 4.22%

    Insurance 3.98%

    Aerospace & Defense 3.87%

    Wireless Telecommunication Services 3.33%.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Dividend Sleuth's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • pietrusikm
    , contributor
    Comments (80) | Send Message
    saw the show.. she does a great job interviewing guests on every show. always asks the questions , that i,as an investor would ask............am a fan of henry schlein , great company, as was hartch on the show.
    27 May 2013, 04:42 PM Reply Like
  • Dividend Sleuth
    , contributor
    Comments (5483) | Send Message
    Author’s reply » I enjoyed Tim Hartch's comments as well. I was as surprised by his two dental recommendations (HSIC and XRAY) as Mack appeared to be. But, he made a great point about the demographics of our aging population and the growing demand for dental care as the population ages. My universe is limited to dividend-paying stocks, so those were two new ones for me. Consuelo Mack is the best. Thanks for your response!
    27 May 2013, 05:04 PM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.