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No Taboo With Apple's Dividend

Contrary to a decade ago, investors are seeking dividends from big-name tech firms, and Apple's payout makes the stock attractive for those who want both income and value, says ClearBridge's Michael Clarfeld.

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Shannon Zimmerman: For Morningstar, I am Shannon Zimmerman. I'm here today with Mike Clarfeld of Legg Mason ClearBridge Equity Income Builder and several other strategies, and we'll talk about those in a bit. But let's focus initially on Equity Income Builder, and you are comanager there with Hersh Cohen, who I think has been managing money since the Carter administration, right?

Michael Clarfeld: Yes. Hersh has been managing money since Carter, maybe even earlier than the Carter administration.

Shannon Zimmerman has a position in the following securities mentioned above: AMZN. Find out about Morningstar’s editorial policies.