It has become increasingly difficult to find value among equity income stocks as investors, starved of income from traditional sources like bonds and deposit accounts, and liberated pensioners searching for an alternative to crummy old annuities, have turned to equities to make up the shortfall.
Equities which pay a dividend have become very expensive and - because companies know that the higher the dividend they offer, the more support their share price will get - companies are paying out as...
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Up from 14% in 2017