5 High Dividend Yield Stocks Being Snapped Up By Insiders

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 |  Includes: FIBK, KRO, NL, SBSI, SHLM
by: Kapitall

Searching for new income ideas? If so, you may be interested in this list.

We ran a screen on stocks paying dividend yields above 3% and sustainable payout ratios below 50% for those seeing the highest net insider buying over the last six months. Company insiders like members of the board and upper management can buy their company’s stock, which is seen as a particularly bullish sign by analysts.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks pay attractive dividends? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. NL Industries Inc. (NYSE:NL): Operates in the component products industry in the United States, Canada, and Taiwan. Market cap of $648.15M. Dividend yield at 3.75%, payout ratio at 19.99%. Net insider shares purchased over the last six months at 52.89K, which is 0.81% of the company's 6.56M share float. The stock is a short squeeze candidate, with a short float at 5.15% (equivalent to 10.09 days of average volume). The stock has gained 16.33% over the last year.

2. A. Schulman, Inc. (NASDAQ:SHLM): Specialty Chemicals Industry. Market cap of $617.48M. Dividend yield at 3.24%, payout ratio at 47.29%. Net insider shares purchased over the last six months at 21.42K, which is 0.08% of the company's 28.38M share float. The stock has had a good month, gaining 10.23%.

3. Kronos Worldwide Inc. (NYSE:KRO): Engages in the production and marketing of titanium dioxide pigments in North America and Europe. Market cap of $2.22B. Dividend yield at 3.13%, payout ratio at 44.81%. Net insider shares purchased over the last six months at 15.29K, which is 0.07% of the company's 21.46M share float. It's been a rough couple of days for the stock, losing 13.47% over the last week.

4. Southside Bancshares Inc. (NASDAQ:SBSI): Operates as the holding company for Southside Bank that provides financial products and services to individuals, businesses, municipal entities, and non-profit organizations. Market cap of $341.59M. Dividend yield at 3.47%, payout ratio at 36.67%. Net insider shares purchased over the last six months at 7.82K, which is 0.06% of the company's 13.74M share float. The stock has gained 5.82% over the last year.

5. First Interstate Bancsystem Inc. (NASDAQ:FIBK): Operates as the bank holding company for First Interstate Bank that provides commercial and consumer banking services. Market cap of $494.27M. Dividend yield at 3.91%, payout ratio at 18.65%. Net insider shares purchased over the last six months at 6.73K, which is 0.05% of the company's 13.26M share float. It's been a rough couple of days for the stock, losing 9.16% over the last week.

*Insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.