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Alpine Dynamic Dividend Fund Manager Kevin Shacknofsky on the benefits for investors of stocks offering strong dividends.
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To my next guest over the past year.
Had you listened to and you would have made a lot of money.
And I'm asking myself.
Why -- that I have at least one of these funds dynamic dividend global dynamic and total dynamic for the Alpine funds each one reaping big returns.
Kevin should not ski.
Has six billion in assets under management he's he's very much aside the force with his team the brains behind all of this I think that the stock to go when they're on very -- -- the past year.
-- where we've shown a lot of success is focusing on dividend stocks in this period of low yield environment.
People -- -- come.
And especially dividends to view a lower tax rate on -- -- -- -- coming -- very attractive way to get equity exposure let's talk about some of the names that are in some of these funds.
-- -- Which is an interesting name that we've lately talked about we also have Hyundai for example you Nokia which.
And of itself -- a company that's had a lot of trouble lately there but yet it gives the dividend so there.
I guess I'm trying to square with the idea that does that really matter how poorly the companies doing as long as they have a yield of -- dividend.
It depends -- the company cannot -- -- seem to know which has a very high dividend.
You know around 8% that that's at -- and who always trades at a premium to its -- Group.
So and and and we we unseen doing even in Annan and performed very well coming out and -- -- the reliability of that dividend.
The company like -- young guys -- attractive because you get dividend growth.
There's a company which is the had tremendous growth especially through its exposure to emerging markets they would yell -- me if I didn't corrected if they say Hyundai rhymes with Sunday it's much alien accident at -- Well I may think it but what else is in there I mean that to me as a company that has some very interest and growth prospects for -- Yes so and it's emerging market exposure which is didn't normally wealth them and and that's what we try to oriented.
Portfolios towards image of -- to -- -- which is now just breaking out.
And that's given inflection point and and we see a lot of growth in that area let's talk about Washington because of course it's to recover to bring up Washington certainly were -- big decisions everything from.
Raising the debt ceiling to of course trying to figure out the way to crack that.
The lack of jobs issue.
What's the answer.
Well we think this tax repatriation.
And to debate now to be highly beneficial.
Let's just quickly explain these are big corporations everyone from apple to -- that make a lot of money overseas.
But their tax not only the country where they make them but then when you bring them back when you bring the profits back -- double tax right here.
And they're asking for a tax repatriation -- rights lost from the allowed a holiday a lot of went into dividends and buybacks.
But we think this time will be structured so that companies will be encouraged to invest in in new businesses and a full growing employment that would be nice because a lot of -- -- the money back and -- awful lot of -- -- but I'm all for let these companies bring money back hopefully they'll have a plant like Jim Rogers of Duke Energy says he served you well it's up to the government to do it properly into structured properly.
You know that today -- that have.
