Defensive investors like to purchase stocks with high dividends to protect themselves from inflation. We are concerned about the Fed’s inflationary monetary policy and therefore we encourage the investors to play defensively. In addition, corporate insiders have material non-public information and they sometimes trade based on such information. Other times they have an edge because they know their companies and industries better than almost all other investors. We believe that by imitating the investments of the insiders in the world, investors are more likely to beat the market in the long term.
Below we compiled a list of high dividend stocks insiders are buying right now. All companies have at least 3% dividend yield and were purchased by at least 1 insider over the past seven days. The market data is sourced from Finviz.
Ticker | Company | Dividend Yield | YTD Return | No. of Insiders |
Consolidated Edison Inc. | 4.28% | 17.16% | 1 | |
Darden Restaurants, Inc. | 3.90% | -1.93% | 1 | |
NuStar Energy L.P. | 8.28% | -19.92% | 1 | |
Natural Resource Partners LP | 8.19% | -16.66% | 2 | |
DNP Select Income Fund Inc. | 7.88% | 14.98% | 2 | |
Hawaiian Electric Industries Inc. | 5.08% | 11.31% | 1 | |
Kronos Worldwide Inc. | 3.24% | -11.16% | 2 | |
IdaCorp, Inc. | 3.10% | 7.00% | 1 | |
Equity One Inc. | 5.91% | -15.01% | 1 | |
The Hanover Insurance Group Inc. | 3.16% | -23.95% | 1 | |
Martin Midstream Partners LP | 9.92% | -17.20% | 4 | |
Investors Real Estate Trust | 7.37% | -16.84% | 3 | |
Reaves Utility Income Fund | 6.17% | 13.29% | 1 | |
ARMOUR Residential REIT, Inc. | 19.30% | 1.03% | 2 | |
Stonemor Partners LP | 8.93% | -7.42% | 1 | |
Republic Bancorp Inc. | 3.30% | -19.38% | 5 | |
Hudson Pacific Properties, Inc. | 4.34% | -21.35% | 1 | |
Hercules Technology Growth Capital, Inc. | 10.23% | -11.25% | 1 | |
Methode Electronics Inc. | 3.54% | -37.86% | 1 | |
North European Oil Royalty Trust | 8.39% | 12.68% | 1 | |
SY Bancorp Inc. | 3.69% | -18.61% | 3 | |
BlackRock Floating Rate Income Strategies Fund, Inc. | 7.29% | -11.71% | 1 | |
Univest Corp. of Pennsylvania | 5.76% | -24.58% | 1 | |
Invesco Van Kampen Trust for Investment Grade New York Muni | 6.98% | 12.02% | 1 | |
One Liberty Properties Inc. | 8.99% | -6.07% | 1 | |
Einstein Noah Restaurant Group | 3.98% | -8.39% | 1 | |
CompX International Inc. | 3.70% | 20.93% | 1 | |
Gladstone Capital Corporation | 12.19% | -36.26% | 1 | |
BlackRock Floating Rate Income Strategies Fund II, Inc. | 7.55% | -12.12% | 1 | |
Pulaski Financial Corporation | 5.90% | -10.43% | 2 | |
Teche Holding Company | 4.89% | -12.83% | 1 | |
CPI Corp. | 15.36% | -69.64% | 1 | |
NTS Realty Holdings LP | 5.63% | 3.80% | 1 | |
Tianyin Pharmaceutical Co., Inc. | 8.00% | -54.04% | 1 | |
AVCA | Advocat Inc. | 3.77% | 14.09% | 1 |
Qualstar Corp. | 12.24% | 15.98% | 1 | |
RF Industries Ltd. | 6.19% | -3.29% | 1 | |
Colony Bankcorp Inc. | 7.62% | -36.48% | 1 |
Here are the seven stocks on the list with over $2 billion market cap.
Consolidated Edison Inc. (ED): Consolidated Edison provides electric and natural gas services. ED has a dividend yield of 4.28% and was purchased by one insider over the past seven days. It has a market cap of $16.4B, a P/E ratio of 15.37, and returned 17.16% since the beginning of this year. Michael Messner had $35 million of ED stocks.
Darden Restaurants, Inc. (DRI): Darden is a full-service restaurant company operated 1,894 restaurants in the United States and Canada as of the end of May. DRI has a dividend yield of 3.90% and was purchased by one insider over the past seven days. It has a market cap of $5.8B, a P/E ratio of 13.01, and lost 1.93% since the beginning of this year. Patrick Mccormack had $36 million invested in DRI. Israel Englander also invested $15 million in DRI (check out Englander’s top stock picks).
NuStar Energy L.P. (NS): NuStar Energy is engaged in the terminaling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and asphalt refining and fuels marketing. NS has a dividend yield of 8.28% and was purchased by one insider over the past seven days. It has a market cap of $3.4B, a P/E ratio of 16.96, and lost 19.92% since the beginning of this year. Jean-Marie Eveillard had $16 million of NS stocks.
Natural Resource Partners LP (NRP): Natural Resource Partners L.P. is engaged principally in the business of owning, managing and leasing mineral properties in the United States. NRP has a dividend yield of 8.19% and was purchased by two insiders over the past seven days. It has a market cap of $2.8B, a P/E ratio of 14.65, and lost 16.66% since the beginning of this year. Chuck Royce had $19 million invested in NRP (see Chuck Royce’s top stock picks).
DNP Select Income Fund Inc. (DNP): DNP Select Income Fund is a closed-end diversified management investment company. DNP has a dividend yield of 7.88% and was purchased by two insiders over the past seven days. It has a market cap of $2.4B, a P/E ratio of 4.46, and returned 14.98% since the beginning of this year.
Hawaiian Electric Industries Inc. (HE): Hawaiian Electric Industries is engaged in the electric utility, banking and other businesses operating primarily in the State of Hawaii. HE has a dividend yield of 5.08% and was purchased by one insider over the past seven days. It has a market cap of $2.3B, a P/E ratio of 20.5, and returned 11.31% since the beginning of this year. Phill Gross and Robert Atchinson had $19 million invested in HE stocks.
Kronos Worldwide Inc. (KRO): Kronos is a producer and marketer of titanium dioxide pigments. KRO has a dividend yield of 3.24% and was purchased by two insiders over the past seven days. It has a market cap of $2.1B, a P/E ratio of 9.51, and lost 11.16% since the beginning of this year. John Brennan and Glenn Russell Dubin both had around $20 million invested in KRO stocks.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
