Richard Mayo is the latest in a long line of managers who see dividends as the place to be,...

|By:, SA News Editor

Richard Mayo is the latest in a long line of managers who see dividends as the place to be, believing a portfolio of growth stocks will be a loser's bet in a slow-growth economic environment. A surprising source for dividends is big retailers, such as CVS, which Mayo sees as a “mature” retailing company but one churning out free cash flow of $5B-$6B/year. He also likes WMT, HD, LOW, TGT.