A Top Dividend Stock With Insider Buying and a 2.9% Yield

The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take his hard-earned cash and use it to buy stock in the open market, is that he expects to make money — maybe he finds the stock very undervalued, or maybe he sees exciting progress within the company, or maybe both.

So, when stocks turn up that see insider buying and are also top-ranked, investors are wise to take notice. One such company is JPMorgan Chase & Co. (JPM), which saw buying by Director Michael A. Neal. Back on Jan. 15, Neal invested $498,383.50 into 9,050 shares of JPM, for a cost of $55.07 per share. In trading on Tuesday, JPM shares were changing hands as low as $55.42 per share, which is 0.6% above Neal’s purchase price.

Source: InvestorPlace

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