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Q&A With Don Taylor, Manager, Franklin Rising Dividend Fund
FYI: Click On Article Title At Top Of Google Search) "A Hot Fund's Case for Microsoft and Medtronic"
Dividend fans, take note: Contrary to what its name suggests, Franklin Rising Dividends is not a fund you want to buy for its yield – which stands at a mere 1% over the last 12 months.
Rather, it’s a fund you buy for total return, hopefully with less risk than the average growth stock fund, portfolio manager Donald Taylor explained in a recent conversation with Barrons.com. That’s the goal behind its focus on reasonably priced companies that consistently raise their dividends without taking on too much debt. Taylor avoids higher-yielding bond proxies, such as utilities and real estate investment trusts. That gives the fund (ticker: FRDPX) some protection against rising rates that regular dividend funds lack Regards, Ted https://www.google.com/#q=A+Hot+Fund’s+Case+for+Microsoft+and+Medtronic+Barron's
