Friday’s Insider Report: CEO invests $1.3-million in this dividend stock recently hitting a 52-week high Listed below is a dividend stock that has had recent buying activity in the public market reported by the CEO.
AltaGas Ltd. (ALA-T)
On Nov. 8, president and chief executive officer Vern Yu bought 50,000 shares at a cost per share of $26.586, increasing the holdings in this particular account to 82,960 shares. The cost of this purchase exceeded $1.3 million.
The company pays its shareholders a quarterly dividend of 28 cents per share, or $1.12 per share yearly, equating to a current annualized yield of just over 4 per cent.
On Nov. 15, the stock closed at a 52-week high.