This Stock Has A 6.97% Yield, Sells For Less Than Book, and Insiders Have Been Buying

In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. 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 their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.

One such company is Invesco Ltd (Symbol: IVZ), which saw buying by Director G. Richard Wagoner Jr. Back on June 7, Wagoner Jr. invested $207,120.00 into 10,000 shares of IVZ, for a cost per share of $20.71. In trading on Tuesday, bargain hunters could buy shares of Invesco Ltd (Symbol: IVZ) and achieve a cost basis 14.0% cheaper than Wagoner Jr., with shares changing hands as low as $17.81 per share. It should be noted that Wagoner Jr. has collected $0.31/share in dividends since the time of their purchase, so they are currently down 12.5% on their purchase from a total return basis. Invesco Ltd shares are currently trading +1.88% on the day.

Source: NASDAQ

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