Mario Gabelli of GAMCO Investors discusses dividend stocks and the industries that have the best prospects for maintaining their dividends. He specifically mentions Nestle (NSRGY, Financial), General Mills (GM, Financial), Bristol-Myers Squibb (BMY, Financial), United Technologies (UT, Financial).
- "We currently have the signs of a growing economy. But it's going to lose its power in terms of momentum unless we can do something about housing. And there are a lot of other structural dynamics. Short term the numbers look good."
- "Housing is at a bottom, it's going to recover. That's going to be an important element for job creation, consumers feeling better."
