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Morningstar: Are dividend payers overvalued?

Meggan Walsh, senior portfolio manager of Invesco Diversified Dividend Fund, discusses how the opportunity set has narrowed in recent years but her team is finding attractive total return opportunities in defensible businesses where the margin profile is sustainable. Meggan also points out that there are pockets of over- and under-valuation in the dividend-paying stock universe as with any asset class.

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