Lazard's Ryan sees better earnings growth in high dividend yield firms

Lazard's global equity income manager Patrick Ryan currently favours high dividend yielding companie...

Lazard's global equity income manager Patrick Ryan currently favours high dividend yielding companies, believing them to have better earnings growth. "We feel that to focus on yield leads you towards better managed companies that are better stewards of shareholder capital," he said. He said regions beyond the UK are presenting better stock opportunities, with Ryan finding particular ideas in both the US and Japan. "Because of faster yield growth outside the UK, the yield premium in the UK has dwindled over time," he added. He said although Japan is historically a tough place to inve...