Until recently, dividend-based strategies have lagged the market for several years primarily due to a combination of unprecedented outperformance from high “long duration” non-dividend paying growth stocks and the lagging performance of the defensive cohort within the dividend paying universe.  Going forward, we believe there are several catalysts for sustained outperformance of dividend-paying stocks.  Short term catalysts include continued market volatility and the risk of a recession.  Long-term catalysts likely include more subdued market returns given the probability of prolonged sluggish economic growth, geopolitical risks, and somewhat higher inflation.

• Case for Dividend Growth Investing Presentation