ClearBridge's Vanderlee: Dividend stocks are a bargain in income-starved market

Peter Vanderlee of ClearBridge Investments, co-manager of the LMP Capital and Income Fund, says that the stock market's recovery back to record-high levels hasn't made dividend stocks overpriced because much of the move has been in stocks that don't make distributions. Coupled with lower-for-longer interest rates, it makes dividend stocks the compelling buy for income-oriented investors in today's market.