Jason Orthman, Portfolio Manager, Hyperion Asset Management says he's concerned about investors chasing yield as interest rates normalise

Jason Orthman, Portfolio Manager, Hyperion Asset Management says he's concerned about investors chasing yield as interest rates normalise. The downside to chasing dividend yields as interest rates normalise over the longer term. Real wealth will be created by companies growing EPS and DPS over a sustained period. The intrinsic value of a stock is reliant on its future cash flows, not its current dividend yield.