Jill Evans, portfolio manager for Alpine Dynamic Dividend Fund, told CNBC’s “Morning Call” that investors might want to consider stocks that pay dividends.
“You need to have earnings growth because you need cash flow growth to pay the dividends,” Evans said. “Right now, that’s taking us overseas. We’re seeing a lot of growth from international companies and U.S. companies with international exposure. Also very important to us are companies that are raising their dividends because that’s a signal of confidence in the future.”
Many shun newspaper stocks, but Evans said she likes Gatehouse Media, a publisher of local papers in monopoly markets. The company generates solid ad revenue and the company is consolidating to cut costs.