Forget the doomsayers claiming that there's been a dividend bubble and it's bursting, two fund managers said in a panel discussion at the Morningstar Conference on Thursday.
"As CEOs allocated more of their money toward dividend growth, interest in dividend stocks took hold," Hersh Cohen of ClearBridge Investments said. That has taken dividend stocks from what he characterized as "extremely undervalued" a few years ago to "fairly valued" today.
"The stocks got extended, not overpriced," he said.