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Tweedy, Browne : Digging for dividends
Submitted on 02/01/2008
Battered stocks with above-average dividends are gems in the rough for Tweedy, Browne Co. LLC.
For a new fund launched in September, the veteran managers in this value-focused firm search for stocks that are out of favor, looked poised to rebound, and carry high dividends. These regular payouts make waiting for a recovery in the shares easier.
"We're buying undervalued stocks that pay a very attractive yield," said Bob Wyckoff, managing director and member of Tweedy, Browne's investment committee.
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