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), General Mills (GM), Bristol-Myers Squibb (BMY), United Technologies (UT).
"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."
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