Deep Dive: 3 favorite dividend stocks from a veteran manager of $18 billion fund

This has turned out to be a great year for U.S. stocks, with a lot of gains springing from investors’ flight to higher yields since interest rates have been so low.

But rather than buying shares of companies with the highest current dividend yields, you might have better long-term performance if you focus on companies that are most likely to keep raising their payouts by large amounts, regardless of current yields.

That’s the objective of the Franklin Rising Dividends Fund FRDPX, -2.50% Don Taylor, the mutual fund’s manager since 1996, screens for companies that have a long history of big dividend increases.

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