- AAPLBarrons.com•10 minutes ago
Equity-income strategies sound good on paper: Own companies with promising long-term growth prospects while getting paid in dividends to wait. Will Cazalet, lead manager of the $273 million Dreyfus Equity Income fund (DQIRX), warns investors against simply going for the stocks with the highest dividend yields. “Companies that forecast the highest average dividend yields often have among the lowest realized yields 12 months later,” he says.
- WFCAmerican City Business Journals•26 minutes ago
Wells Fargo & Co.'s independent directors said Tuesday that chairman and CEO John Stumpf will forfeit all of his outstanding unvested equity awards worth about $41 million. Carrie Tolstedt, former head of community banking, will forfeit all of her outstanding unvested equity awards worth about $19 million. Wells Fargo's independent directors have begun an independent investigation into the bank's sales practices.