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In the article Four Sectors for Dividend Growth (listed below), two of Morgan Stanley equity analysts argue that dividends stocks are sensitive to changes in

In the articleFour Sectors for Dividend Growth(listed below), two of Morgan Stanley equity analysts argue that dividends stocks are sensitive to changes in interest rate environment. However, one of Morningstar's analysts argue that"dividend-growth stocks will be less sensitive to losses during periods of rising interest rates" (article listed below).

  1. Are the two viewpoints different? Why or why not?
  2. According to the Morningstar classification of dividend stocks, is Travelers Companies (TRV) a dividend-yield or a dividend-growth stock? Explain.

https://www.morganstanley.com/ideas/four-sectors-dividend-growth

https://www.morningstar.com/articles/855088/whats-the-difference-between-dividend-yield-and-di.html

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