Cheap, dividend-paying stocks for the long run

Cheap stocks that pay decent dividends are great for the medium to long term, says professional stock picker Jacob de Tusch-Lec. Here, he tips five such stocks to buy now.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Jacob de Tusch-Lec, manager of the Artemis Global Income Fund.

Although this summer marked the fifth anniversary of the financial breakdown, investors are still preoccupied with the same concerns, and equity prices are still being driven by political and macroeconomic events. But we try not to be distracted and focus on picking equities and companies that we like for the medium to long term: stocks that we find cheap, attractive and that are delivering a high and growing yield.

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Jacob de Tusch-Lec is manager of the Artemis Global Income Fund