Friday’s Insider Report: CEO buys this stock yielding 3.5% that recently closed at a multi-year high
Listed below is a dividend stock that has had recent buying activity reported by insiders.
Whitecap Resources Inc.
On Nov. 26, president, chief executive officer and director Grant Fagerheim invested $137,000 in shares of Whitecap. He purchased 20,000 shares at a cost per share of $6.85, after which this specific account held 2,533,636 shares.
Previously, we reported that between Nov. 15-19, Mr. Fagerheim. He acquired a total of 20,000 shares at an average price per share of approximately $6.96, investing over $139,000 in shares of the company.
On Nov. 26, senior vice-president of engineering Darin Dunlop purchased 20,000 shares at a price per share of $6.74, increasing this particular account’s holdings to 54,317 shares. The cost of this investment exceeded $134,000.
The company pays its shareholders a monthly dividend of 2.25 cents per share or 27 cents per share yearly, equating to a current annualized yield of 3.5 per cent.
The share price of this energy stock has rebounded sharply, recently trading at its highest level since 2018.