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Insider buying can be a signal of future stock price appreciation but it's important to not rely on insider trades alone before making an investment. When employees at the director level and above make a purchase of stock in the company they work for that information must be made public. While these stock purchases are not a tell all we still do prefer to see insiders buying their stock verses selling. The following 6 dividend stocks have yields over 3% and have had insider buying in recent weeks.

Federated Investors Inc (FII)

Michael Ferrell purchased over 47,000 shares on 1/30/12. FII has a dividend yield of 5.4% and has not increased its dividend since they made cuts in 2011. Federated Investors provides investment management products and services to its customers. The company markets and provides investment related services to mutual funds and Institutional accounts.

Golub Capital BDC Inc (GBDC)

William Webster (Director) purchased 15,000 shares and John Thomas Baily (Director) purchased over 4800 shares on 1/31/12. GBDC has a dividend yield of 8.4%. The company started paying dividends in 2010. Golub Capital invests in middle market companies sponsored by private investors. GBDC seeks to generate income and capital appreciation for its customers through debt and equity investments.

Hot Topic Inc (HOTT)

Both Steven Becker (Director) and Matthew Drapkin (Director) purchased 33,200 shares of HOTT on 1/10/12. HOTT has a dividend yield of 3.4% and has only been paying dividends for 2 years. Hot Topic sells music and pop culture apparel and accessories through web properties. Its main demographic is young people ages 12 - 22.

Avery Dennison Corp (AVY)

Charles Noski (Director) purchased 2000 shares of AVY on 2/7/12. AVY has a dividend yield of 3.4% and a long history of increasing dividends before their recent cut in 2010. The company did manage to raise its dividend by 25% in 2011. Avery Dennison has operations in the Retail Information Services, Office Products and Pressure Sensitive materials segments. It provides graphics, branding materials, tickets and price tag materials to its customers.

General Electric (GE)

Alan Lafley (Director) purchased 10,000 shares of GE on 1/31/12. GE has a dividend yield of 3.2%. 2012 is set to be the 2nd year in a row that it has increased its dividend. General Electric is a financial services and technology company. Its tech products include aircraft engines, household appliances and power generation. GE also own a 49% interest in a media entity that owns NBC.

Harsco Corp. (HSC)

Ivor Harrington purchased 5000 shares of HSC on 1/30/12. HSC has a dividend yield of 3.5% and a 5 year dividend growth rate of 2.5%. HSC did not increase their dividend in 2011. Harsco Corporation provides engineered products and industrial services with locations in over 50 countries. Its operations include metals and minerals and railway repair and construction.

Source: 6 Dividend Paying Stocks With Recent Insider Buying