When picking dividend-paying stocks to stabilize your portfolio in tumultuous times, don't just go for higher yields — look for the growers, according to Morgan Stanley.
Dividend-paying stocks have outperformed nondividend payers across all large-cap sectors going back to 2000, except for consumer discretionary, Morgan Stanley said.
Energy Transfer , a company that operates in the natural gas pipeline industry, is rated overweight by Morgan Stanley analyst Robert Kad.
Morgan Stanley also likes Mondelez International , the company behind Sour Patch Kids candy and Oreo cookies.
Morgan Stanley anticipates banks will be able to grow their dividends about 5% in 2024.
Persons:
Morgan Stanley, Morgan Stanley's, Robert Kad, Pamela Kaufman, Betsy Graseck, — CNBC's Michael Bloom
Organizations:
Mondelez, Financial, Regions
Locations:
outperformance, Birmingham , Alabama