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WDR - Franklin Resources: One Of The Riskiest Dividend Aristocrats
Waddell & Reed Financial Inc.
The stock market was been making record highs recently despite a volatile economic environment. That combination has left many value-seeking investors confused: What's left to buy at a fair price at this point?
If you use stock screeners, there's a good chance that asset managers are showing up as some of the most desirable cheap stocks left. I know - I've followed the space for awhile. I originally bought into fund manager Waddell & Reed (WDR) when it was seemingly cheap and paid an 8% dividend yield. Unfortunately earnings declined and the dividend