No. of Recommendations: 0
True enough, however some of the dividend paying stocks are trading around historical average PEs of 14 or so. The alternative is buying stocks that are more growth/momentum oriented and sit overpriced at a PE of 20+. Paying $14 for $1 of earnings of a quality business is smarter than paying $20+ for $1 of earnings.

Of course, then you're going for high yield, right?

jmc
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