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Power Play: Betting on dividend income stocks

Visitors walk towards a roller coaster at Six Flags Magic Mountain in Valencia, California.
Patrick T. Fallon | Bloomberg | Getty Images
Visitors walk towards a roller coaster at Six Flags Magic Mountain in Valencia, California.

The Dow and S&P 500 are down 5 percent year-to-date, while the Nasdaq if off 9 percent, as oil and global growth concerns continue to grip the market.

Ben Lofthouse, manager of the Morningstar 5-star rated Henderson Global Equity Income fund, tells CNBC's "Power Lunch" on Thursday, this is the time to be dividend income investors.

Read MoreStocks try for gains amid oil dip; energy falls 1.5%

"You are looking for sustainable cash flow and secure balance sheets," Lofthouse said.

Two stocks Lofthouse likes right now are Philip Morris and Six Flags. He believes many people underestimate the value of Six Flags.

"A family with kids will still go out to theme parks. In a world with not much inflation, Six Flags has pricing power," Lofthouse said.

Philip Morris and Six Flags are both up 10 percent over the past year.