Investing

By Denny Jacob Bank OZK increased its quarterly cash dividend 2.7% to 38 cents a share from 37 cents. The new payout, equal to $1.52 a year, represents an annual yield of 3.1% based on Tuesday’s closing price of $49.75. The regional bank said the dividend is payable on Jan.…

By Ben Glickman Tingo Group’s founder and former interim co-chief executive Dozy Mmobuosi has been indicted on charges of securities fraud, making false filings and conspiracy. The indictment, unsealed Tuesday by the U.S. Attorney’s Office for the Southern District of New York, alleges that Mmobuosi sought to enrich himself by…

By Ben Glickman Herbalife on Tuesday named as its president Stephan Paulo Gratziani, months after he joined the company. Gratziani, who was promoted from chief strategy officer, had previously been an independent distributor for Herbalife for 32 years and joined the company in August. The Los Angeles-based dietary supplements seller…

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