BH... and yet again! On Feb. 23, chairman of the board Bill Holland invested over $2-million in shares of this dividend stock. He purchased 100,000 shares at an average cost per share of roughly $20.77 for an account in which he has indirect ownership (WH Corp.), increasing this specific account’s holdings to 1,275,000 shares.
Previously, Mr. Holland invested over $2.3-million in shares on Feb. 3 and 4. He acquired a total of 100,000 shares at an average price per share of approximately $23.74 for this particular account.
Mr. Holland is the company’s former chief executive officer.
CI pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of 3.4 per cent.
Shares of CI are in oversold territory with a relative strength index (RSI) reading of 29. Generally, an RSI reading at or below 30 reflects an oversold condition.