U.S. Markets open in 4 hrs 38 mins

4 good reasons this small-cap, dividend-paying stock sector could reward contrarian investors

Philip van Doorn
4 good reasons this small-cap, dividend-paying stock sector could reward contrarian investors

Jay Kaplan of Royce Funds is looking toward Main Street as an investment target: community banks. Kaplan has co-managed the $1.7 billion Royce Total Return Fund (RYTRX) for 13 years with Chuck Royce, who has been the lead manager for the fund for more than 25 years. One reason Kaplan likes community banks for investment right now is that the subsector has underperformed.