This Fund’s Likes Stocks Boosting Their Dividend Payments

Many investors specifically look for dividend stocks when selecting investments for their portfolio, and that’s exactly what Schafer Cullen Capital Management’s High Dividend Value fund does. In the Fund’s April letter to investors, which was reviewed by ValueWalk, portfolio manager Jim Cullen and team said 20 of the 38 names in their portfolio have raised their dividend payments this year so far. Four of the companies in their portfolio raised their dividends in April, and the average increase was 6%. ExxonMobil boosted its dividend payment 6.1%, while Johnson & Johnson raised its payment 5.6%. Travelers Cos increased its dividend 6.5%,…