We consider the optimal dividend problem in the so-called degenerate bivariate risk model under the assumption that the …

Forget the Great Recession. According to fund manager and author Daniel Peris, the real threat to investment returns … from stocks is the Great Retreat--a 30-year drop in the dividend payout ratio of the leading corporations in the United … States that has rendered the U.S. stock market a grand casino rather than a business investment platform. Peris believes that …