One of the smart ways of picking good dividend stocks is following insiders in these stocks. Below we compiled a list of dividend stocks insiders are buying. All companies have at least $2 billion market cap, dividend yields higher than 5%, and were purchased by at least 3 insiders over the past three months. The market data is sourced from Finviz and insider trading data is obtained from Insider Monkey.
Ticker | Company | Dividend Yield | YTD Return | No. of Insiders |
MFA | MFA Financial, Inc. | 14.25% | -8.7% | 11 |
CIM | Chimera Investment | 18.77% | -24.3% | 7 |
CINF | Cincinnati Financial Corp. | 6.11% | -13.5% | 6 |
FNFG | First Niagara Financial Group | 6.99% | -32.1% | 6 |
ARCC | Ares Capital Corporation | 10.17% | -10.7% | 5 |
CTL | CenturyLink, Inc. | 8.76% | -24.3% | 4 |
FTR | Frontier Communications | 12.27% | -32.5% | 4 |
ORI | Old Republic International | 7.85% | -31.4% | 4 |
DNP | DNP Select Income Fund | 7.80% | 16.1% | 3 |
LINE | Linn Energy, LLC | 7.74% | 0.11% | 3 |
WIN | Windstream Corporation | 8.58% | -11.3% | 3 |
MFA Financial, Inc. (MFA): MFA Financial is engaged in the business of investing in residential Agency and Non-Agency mortgage-backed securities. MFA has a dividend yield of 14.25%, and lost 8.71% since the beginning of this year. It was purchased by 11 insiders over the past three months. It has a market cap of $2.5B and a P/E ratio of 7.31.
Chimera Investment Corporation (CIM): Chimera Investment Corporation invests in residential mortgage-backed securities, residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. CIM has a dividend yield of 18.77% and lost 24.32% since the beginning of this year. It was purchased by seven insiders over the past three months. It has a market cap of $2.8B and a P/E ratio of 4.78.
Cincinnati Financial Corp. (CINF): Cincinnati Financial Corporation is engaged in property casualty insurance. CINF has a dividend yield of 6.11% and lost 13.45% since the beginning of this year. It was purchased by six insiders over the past three months. It has a market cap of $4.3B and a P/E ratio of 14.55.
First Niagara Financial Group Inc. (FNFG): First Niagara Financial Group, Inc. provides a range of retail and commercial banking, as well as other financial services. FNFG has a dividend yield of 6.99% and lost 32.12% since the beginning of this year. It was purchased by six insiders over the past three months. It has a market cap of $2.7B and a P/E ratio of 12.89. Jim Simons had $16 million of FNFG shares.
Ares Capital Corporation (ARCC): Ares Capital is a closed-end, non-diversified management investment company. ARCC has a dividend yield of 10.17% and lost 10.70% since the beginning of this year. It was purchased by five insiders over the past three months. It has a market cap of $2.8B and a P/E ratio of 6.15.
CenturyLink, Inc. (CTL): CenturyLink is an integrated communications company. CTL has a dividend yield of 8.76% and lost 24.28% since the beginning of this year. It was purchased by four insiders over the past three months. It has a market cap of $20.4B and a P/E ratio of 14.03.
Frontier Communications Corporation (FTR): Frontier is a communications company providing services predominantly to rural areas and small and medium-sized towns and cities. FTR has a dividend yield of 12.27% and lost 32.49% since the beginning of this year. It was purchased by four insiders over the past three months. It has a market cap of $6.1B and a P/E ratio of 38.19.
Old Republic International Corp. (ORI): Old Republic is engaged in the single business of insurance underwriting. ORI has a dividend yield of 7.85% and lost 31.44% since the beginning of this year. It was purchased by four insiders over the past three months. It has a market cap of $2.3B.
DNP Select Income Fund Inc. (DNP): DNP Select Income Fund is a closed-end diversified management investment company. DNP has a dividend yield of 7.80% and returned 16.14% since the beginning of this year. It was purchased by three insiders over the past three months. It has a market cap of $2.4B and a P/E ratio of 4.5.
Linn Energy, LLC (LINE): Linn Energy is an independent oil and natural gas company. LINE has a dividend yield of 7.74% and gained 0.11% since the beginning of this year. It was purchased by three insiders over the past three months. It has a market cap of $6.3B.
Windstream Corporation (WIN): Windstream Corporation is a communications and technology solutions provider. WIN has a dividend yield of 8.58% and lost 11.34% since the beginning of this year. It was purchased by three insiders over the past three months. It has a market cap of $5.9B and a P/E ratio of 21.18. Jim Simons had $32 million invested in WIN.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
