ClearBridge Investments Dividend Strategy’s Q2 2024 Investor Letter

ClearBridge Investments, an investment management company, released its “ClearBridge Dividend Strategy” second quarter 2024 investor letter. In the second quarter, the S&P 500 Index increased 4.3%, for a half-year gain of 15.3%. The performance for the quarter was almost entirely driven by the information technology (or “IT”) sector. The firm has optimistic views about the economy and not expecting a recession near term despite a slowdown in activity. During the second quarter, the strategy underperformed its S&P 500 Index benchmark. The strategy gained four out of 11 sectors in which it was invested in the quarter on an absolute basis. The IT sector was the main positive contributor, while the materials and financial sectors detracted. Stock selection and sector allocation detracted, relatively. Please review the strategy’s top five holdings to see its best choices for 2024.

A copy of ClearBridge Investments Dividend Strategy’s Q2 2024 investor letter can be downloaded here.