Morningstar, Inc. - October 15, 2025
Don’t Count on Dividend Stocks Alone for Retirement Income
Plus: The Markets Are Walking a Tightrope.
 Morning DigestOctober 15, 2025 Christine Benz, Susan Dziubinski There are risks if you rely too much on the payouts from dividend stocks in retirement. 
ADVERTISEMENT  Editor's Picks  With stocks fully valued, global growth slowing, and the AI buildout boom, we discuss how investors can position their portfolios in today’s evolving landscape. David Sekera, Preston Caldwell, Kai Wang, Susan Dziubinski  The manager of Pimco Flexible Credit Income weighs in on how investors should view private debt, as well as risks and opportunities. Leslie Norton  Even dedicated DIYers might benefit from a second opinion. Christine Benz Investing Insights These separately managed accounts earn the highest ratings from Morningstar. Andrew Daniels These companies largely earn their competitive advantage from intangible assets, and their stocks are great choices for an investor’s watchlist. Margaret Giles, Emelia Fredlick More New Stock Analyst Reports Polaris (PII) is selling a majority stake in its Indian motorcycle business to private equity firm Carolwood for an undisclosed amount. Indian accounted for $478 million, or 7% of sales, over the last four quarters. Polaris expects the deal to lift annual adjusted EBITDA by $50 million and EPS by $1.00. As powersports firms face weaker consumer discretionary spending, aggravated by tariffs and interest rates, they have pruned underperforming segments to bolster company-level profits. At Polaris, off-road gross margins have handily outpaced on-road (including motorcycles) by an average of 1,200 basis points over the past decade. Since Polaris' entry into boats (2018), marine has surpassed on-road gross profit margins by an average of 700 basis points. New Fund Analyst Reports Hartford Dynamic Bond’s (HDBAX) skilled managers have successfully executed a disciplined, relative value-focused approach that stands out from its peers. The Tools You Need to Invest Like an Analyst Stay connected:
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