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Stocks with high dividend payout are looking attractive. In an interview with CNBC, Michael Cuggino, president of Permanent Portfolio Funds, said that he likes dividend paying stocks as a long term investment, regardless of the taxation policy.
He said, “The reality is there are a lot of good businesses selling at reasonable prices right now in the stock market and in many cases they are providing dividend yields that are in excess of the 10-year Treasury, the 30-year Treasury.” He also said that tax rates are not likely to go up very high. He said that even in the case of a double dip, tax increases may be deferred. He likes Chevron
CVX and AMB Property
AMB.
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Posted In: Analyst ColorAnalyst RatingsCNBCEnergyFinancialsIndustrial REIT'sIntegrated Oil & GasMichael CugginoPermanent Portfolio Funds
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