This dividend fund manager avoids dividend traps

Avoiding companies that cater to investors with a thirst for dividends, Dynamic's David Fingold looks for dividend growth, and often finds the first dividend payment

Jade Hemeon 22 August, 2019 | 1:29AM
Facebook Twitter LinkedIn

Hand holding carrots

David Fingold, vice president and senior portfolio manager at Dynamic Funds and lead manager of the five-star rated Dynamic Global Dividend Fund has achieved impressive category-beating returns during both short and long periods in a surprising fashion.

Although he manages a “dividend fund,” he usually steers clear of traditional dividend-paying stocks such as utilities, telecommunications and Real Estate Investment Trusts, which he says are vulnerable to declining share prices in periods of rising interest rates. When interest rates are rising, the consistent dividends paid by these companies become relatively less attractive to competing investments such as bonds. 

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Costco Wholesale Corp459.51 USD0.00Rating
Dynamic Global Dividend26.20 CAD-0.92Rating
Keysight Technologies Inc177.45 USD0.00
McDonald's Corp242.49 USD0.00Rating
Northrop Grumman Corp350.24 USD0.00Rating
Zoetis Inc Class A198.49 USD0.00Rating

About Author

Jade Hemeon  

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies