"In this yield-starved environment, this is the new fixed-income, " says Hank Smith, chief investment officer of equities at Haverford Investments, referring to dividend-paying stocks.
An investment vehicle controlled by former American International Group chief Maurice (Hank) Greenberg claims the U.S. government singled out the insurer by taking a huge equity stake in return for bailout loans made during the 2008 financial crisis.