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...