Interested in stocks paying dividend income but don't know where to start looking? Here are some ideas to get you started.
We ran a screen on stocks paying dividend yields above 2% and sustainable payout ratios below 50%. We then screened these stocks for those with the support of their company insiders (such as members of their board or upper management), with significant net insider buying over the last six months.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six 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. Kronos Worldwide Inc. (KRO): Engages in the production and marketing of titanium dioxide pigments in North America and Europe. Market cap of $2.45B. Dividend yield at 2.83%, payout ratio at 44.81%. Net insider shares purchased over the last six months at 535.84K, which is 2.55% of the company's 21.03M share float. The stock is a short squeeze candidate, with a short float at 18.76% (equivalent to 5.27 days of average volume). The stock has had a good month, gaining 22.64%.
2. NL Industries Inc. (NL): Operates in the component products industry in the United States, Canada and Taiwan. Market cap of $654.48M. Dividend yield at 3.72%, payout ratio at 19.99%. Net insider shares purchased over the last six months at 112.17K, which is 1.71% of the company's 6.55M share float. The stock has gained 20.09% over the last year.
3. BancFirst Corporation (BANF): Operates as the holding company for BancFirst that provides commercial banking services to retail customers and small to medium-sized businesses in the non-metropolitan trade centers of Oklahoma and the metropolitan markets. Market cap of $610.50M. Dividend yield at 2.68%, payout ratio at 35.36%. Net insider shares purchased over the last six months at 33.04K, which is 0.55% of the company's 5.99M share float. The stock is a short squeeze candidate, with a short float at 6.58% (equivalent to 24.74 days of average volume). The stock has had a good month, gaining 11.4%.
4. Community Trust Bancorp Inc. (CTBI): Operates as the holding company for Community Trust Bank, Inc. Market cap of $464.91M. Dividend yield at 4.12%, payout ratio at 49.37%. Net insider shares purchased over the last six months at 43.74K, which is 0.34% of the company's 12.70M share float. The stock has gained 5.79% over the last year.
5. SeaCube Container Leasing Ltd. (BOX): Operates as a container leasing company worldwide. Market cap of $304.21M. Dividend yield at 6.36%, payout ratio at 47.74%. Net insider shares purchased over the last six months at 25.75K, which is 0.23% of the company's 10.98M share float. The stock has gained 11.45% over the last year.
6. First Interstate Bancsystem Inc. (FIBK): Operates as the bank holding company for First Interstate Bank that provides commercial and consumer banking services. Market cap of $581.52M. Dividend yield at 3.55%, payout ratio at 49.56%. Net insider shares purchased over the last six months at 24.73K, which is 0.19% of the company's 13.25M share float. The stock has had a good month, gaining 12.94%.
7. First Financial Bankshares Inc. (FFIN): Provides commercial banking products and services primarily in Texas. Market cap of $1.09B. Dividend yield at 2.77%, payout ratio at 44.21%. Net insider shares purchased over the last six months at 49.55K, which is 0.17% of the company's 29.55M share float. The stock is a short squeeze candidate, with a short float at 16.67% (equivalent to 37.73 days of average volume). The stock has gained 1.02% over the last year.
8. Roma Financial Corp. (ROMA): Operates as a holding company for Roma Bank and RomAsia Bank that provide traditional retail banking services primarily in New Jersey. Market cap of $308.66M. Dividend yield at 3.14%, payout ratio at 33.61%. Net insider shares purchased over the last six months at 8.0K, which is 0.11% of the company's 7.29M share float. The stock has lost 0.2% over the last year.
9. Presidential Life Corp. (PLFE): Engages in the marketing and sale of various fixed annuity, life insurance, and accident and health insurance products in the United States. Market cap of $317.58M. Dividend yield at 2.33%, payout ratio at 19.04%. Net insider shares purchased over the last six months at 24.78K, which is 0.10% of the company's 23.74M share float. The stock has gained 9.93% over the last year.
10. Lakeland Financial Corp. (LKFN): Operates as the holding company for Lake City Bank that provides various commercial and retail banking, wealth advisory and investment management services in Indiana. Market cap of $430.38M. Dividend yield at 2.34%, payout ratio at 35.45%. Net insider shares purchased over the last six months at 15.08K, which is 0.10% of the company's 14.70M share float. The stock has gained 16.04% over the last year.
11. Old National Bancorp. (ONB): Operates as a holding company for Old National Bank, which provides financial services to individuals and commercial customers primarily in Indiana, eastern and southeastern Illinois and central and western Kentucky. Market cap of $1.16B. Dividend yield at 2.30%, payout ratio at 46.42%. Net insider shares purchased over the last six months at 76.60K, which is 0.08% of the company's 92.72M share float. The stock is a short squeeze candidate, with a short float at 5.57% (equivalent to 7.35 days of average volume). The stock has gained 4.55% over the last year.
12. Kaman Corporation (KAMN): Operates in the aerospace and industrial distribution markets. Market cap of $812.51M. Dividend yield at 2.06%, payout ratio at 28.11%. Net insider shares purchased over the last six months at 17.80K, which is 0.07% of the company's 25.79M share float. The stock has had a couple of great days, gaining 5.26% 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.
