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Defensive investors like high dividend paying stocks because these stocks can protect them from inflationary risks. We are concerned about the Fed’s inflationary monetary policy and therefore we encourage investors to play defensively and invest their money in stocks with strong dividend yields.

Additionally, corporate insiders have material non-public information and they sometimes invest 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 insiders, investors are more likely to beat the market in the long term.

Here is a list of high dividend stocks insiders have recently been buying. All companies have a market cap of at least $2 billion, a dividend yield over 3% and were purchased by at least one insider during the past 30 days.

Ticker

Company

Dividend Yield

YTD Return

No. of Insiders

HBHC

Hancock Holding Co.

3.04%

-7.39%

6

NRP

Natural Resource Partners LP

7.25%

-5.85%

2

DNP

DNP Select Income Fund Inc.

7.39%

22.65%

2

EQY

Equity One Inc.

4.99%

0.74%

1

BLK

BlackRock, Inc.

3.25%

-9.28%

1

ED

Consolidated Edison Inc.

4.03%

24.31%

10

DRI

Darden Restaurants, Inc.

3.51%

8.78%

1

HRB

H&R Block, Inc.

3.93%

32.41%

1

NVE

NV Energy, Inc.

3.01%

16.41%

1

NS

NuStar Energy L.P.

7.96%

-16.70%

1

RRD

R.R. Donnelley & Sons Company

6.37%

-2.45%

1

RPM

RPM International Inc.

3.72%

8.69%

1

HE

Hawaiian Electric Industries Inc.

4.81%

17.61%

1

Here are four stocks from the list above with more than one insider purchase over the past month.

Consolidated Edison Inc. (NYSE:ED): Consolidated Edison provides electric and natural gas services. ED has a dividend yield of 4.03% and returned 24.31% since the beginning of this year. It was purchased by ten insiders over the past 30 days. On September 30, Michael Del and nine other officers or directors of the company bought small amounts of the stock at $56.38 per share. ED returned over 4% since the end of September. It has a market cap of $17.4B and a P/E ratio of 17.64. Michael Messner had $35 million of ED stocks.

Hancock Holding Co. (NASDAQ:HBHC): Hancock is a bank holding company. HBHC has a dividend yield of 3.04% and has lost 7.39% since the beginning of this year. It was purchased by six insiders on October 12 at $26.81. The stock is now trading at $31.57. It has a market cap of $2.7B and a P/E ratio of 13.3. David Dreman had $27 million invested in HBHC.

Natural Resource Partners LP (NYSE: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 7.25% and lost 5.85% since the beginning of this year. It was purchased by two insiders over the past 30 days. Wyatt Hogan, VP and General Counsel at the company, bought 1,000 shares at $24.22 on October 4. Kevin Craig, VP Business Development of Natural Resource Partners, also purchased 500 shares at $23.93 on the same day. Kevin also purchased NRP in August and May this year at around $30 per share. The stock is now trading at $29.79. It has a market cap of $3.2B and a P/E ratio of 16.31. Chuck Royce had $19 million invested in NRP.

DNP Select Income Fund Inc. (NYSE:DNP): DNP Select Income Fund is a closed-end diversified management investment company. DNP has a dividend yield of 7.39% and returned 22.65% since the beginning of this year. It was purchased by two insiders over the past 30 days. DNP’s Director Philip Mcloughlin purchased 1,000 shares at $9.98 on October 5. Bank of America also bought 1,000 shares at $10.36 on October 20. DNP is now trading at $10.56 per share. It has a market cap of $2.5B and a P/E ratio of 14.44.

Here are two stocks on the list above with market cap of over $5 billion.

BlackRock, Inc. (NYSE:BLK): BlackRock is an independent investment management firm. BLK has a dividend yield of 3.25% and lost 9.28% since the beginning of this year. It was purchased by one insider over the past 30 days. Bank of America purchased 10,000 shares on October 18. The stock was traded at $156.30 on that day and it returned 8.20% in about 10 days. BLK has a market cap of $30.3B and a P/E ratio of 18.34. John Paulson had $360 million of BLK shares.

Darden Restaurants Inc (NYSE: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 3.51% and gained 8.78% since the beginning of this year. It was purchased by one insider over the past 30 days. The director of Darden, William Lewis, increased his holdings of the stock by 20,000 shares to 38,000 shares at $43.14 on September 30. DRI returned about 15% since then. It has a market cap of $6.5B and a P/E ratio of 16.55. Patrick Mccormack had $36 million invested in DRI. Israel Englander also invested $15 million in DRI.

Source: 13 Solid Dividend Paying Stocks Insiders Are Buying