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The Daily Legal News, Youngstown Ohio, Mahoning County Ohio

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Payout ratios explained

Q: Can you explain payout ratios? -- M.W., Bradley, Illinois
A: A company's payout ratio is the percentage of its earnings (net income) that's paid out to shareholders as dividend income. For example, PepsiCo's trailing earnings per share (EPS) over the past year were recently $5.05 and its annual dividend was $4.02 ($1.023 per ... (full story)

Walgreens to sell drug wholesale business for $6.5B

Walgreens Boots Alliance will sell its pharmaceutical wholesale business to AmerisourceBergen in a $6.5 billion cash and stock deal.
Pharmaceutical wholesalers essentially act as middlemen, purchasing drugs from manufacturers and then distributing them to customers like drugstore chains, hospitals and doctor's offices.
Walg ... (full story)

UnitedHealth to pay nearly $8B for technology company Change

UnitedHealth Group will spend nearly $8 billion in cash to add a health care technology company to its growing Optum business.
UnitedHealth said last Wednesday that it will add Change Healthcare to its OptumInsight segment and boost its ability to provide data analytics and revenue cycle management support, among other offering ... (full story)

US: Hack of federal agencies 'likely Russian in origin'

WASHINGTON (AP) — Top national security agencies confirmed last week that Russia was likely responsible for a massive hack of U.S. government departments and corporations, rejecting President Donald Trump's claim that China might be to blame.
The rare joint statement represented the U.S. government's first formal attempt t ... (full story)

Start 2021 off strong with these money moves

After the train wreck that was 2020, you may well question whether it's worth trying to plan anything. But knocking off a few financial tasks early in the year can better prepare you for whatever 2021 has in store.
Filing your tax return early typically means getting your refund sooner. Not only tha ... (full story)