Why Is Artisan Partners Asset Management's Dividend So High?
Dividend stocks can be an excellent source of passive income for retirees. But not all dividend stocks are created equal. Some companies pay out modest dividend yields, while others have lofty payouts that look like screaming buys for income-minded investors.
Artisan Partners Asset Management (NYSE: APAM) is one company that pays investors a juicy dividend yielding more than 9% based on future earnings estimates. The investment manager is committed to returning most of its earnings to its shareholders and has historically delivered fat payouts. Here's why Artisan Partners can pay such a high dividend -- and what you need to know before buying.
Artisan Partners is a Milwaukee-based boutique asset manager. The company manages money for investors and offers 25 different funds including equities, high-yield investments, emerging markets, corporate credit, and so on.
Source Fool.com
