Published Mon, 23 Mar 2020 07:29:34 -0400 on Seeking Alpha
Mandatory social distancing measures have quickly caused a huge economic downturn, and if they are not minimized soon the human cost could be even greater than that of the coronavirus.
Unemployment is set to explode, growing increasingly worse the longer this situation lasts.
Dividend cuts are already rolling in, from Boeing to Marriott and Ford and many other names. They have likely just begun.
Now is a time for extreme caution. One way to be cautious is by watching what company insiders do.
The following are 11 dividend stock ideas that have seen significant insider buying in the past few weeks.
Every week, I try to find the five most opportunistic and timely dividend stocks to highlight as "buy" ideas and present them in these articles. This week, like last week, I'm doing something a little different — this time focusing on eleven beaten down dividend stocks that have seen significant insider buying this past week. These are companies that I either already own or are somewhat familiar with, which makes them easier to write about.
But before getting to the 11 investment ideas, let's briefly assess where we are right now. At the end of this article, I humbly suggest four charities that are working to ease the many hardships brought on by this sudden crisis.
The Infected Swan's Economic Ravages
For regular readers, I feel I should say something about the way in which I've written about the coronavirus previously. When the world first began to panic about the spread of the coronavirus in late January/early February, I didn't take it all that seriously. I wrote in a January 29th article that this is not the first act of the movie, Contagion, in which a pandemic ravages the world in a month's time.
To be fair, there are big differences between the viral antagonist of Contagion and the real-world COVID-19 virus. In the movie, the mortality rate was around 20%, the incubation period was a day... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|MAIN STREET CAPITAL||43.18||16.8||2.57||2.46||5.69|
|SIMON PROPERTY GROUP||155.27||20.8||7.48||8.40||5.21|
|WP CAREY & CO||88.72||31.4||2.83||4.14||4.73|
|COMMUNITY TRUST BANCORP||42.32||11.5||3.67||1.52||3.51|
|NEXPOINT RESIDENTIAL TRUST||46.28||0.0||-0.72||1.10||2.42|
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