This article presents an overview of 5 Dividend Stocks Insiders are Buying in May. For a detailed overview of such stocks read our article, 10 Dividend Stocks Insiders are Buying in May.
5. First Financial Corp (NASDAQ:THFF)
Number of Hedge Fund Investors: 10
Indiana-based First Financial Corp (NASDAQ:THFF) saw insider buying activity on May 6 when Mark Jason Blade Sr., a director at First Financial Corp (NASDAQ:THFF), bought 531 shares at a price of $38.06 per share. The stock has a dividend yield of about 4.78%.
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4. Northwest Bancshares Inc (NASDAQ:NWBI)
Number of Hedge Fund Investors: 11
With a dividend yield of over 7% and latest insider buying activity, Northwest Bancshares Inc (NASDAQ:NWBI) is one of the top dividend-paying stocks insiders are piling into. On May 2,Northwest CEO Louis J. Torchio snapped up 2,295 shares of Northwest Bancshares Inc (NASDAQ:NWBI) at $10.87 per share. Since then through May 7 the stock is up 1.4%.
3. DT Midstream Inc (NYSE:DTM)
Number of Hedge Fund Investors: 16
DT Midstream Inc (NYSE:DTM) has a dividend yield of about 4.5% as of May 7. On May 3, Jeffrey A. Jewell, DT Midstream Inc’s (NYSE:DTM) CFO, snapped up 400 shares of DT Midstream Inc (NYSE:DTM) at $62.80 per share. Since then the stock is up 1.8%.
2. Macerich Co (NYSE:MAC)
Number of Hedge Fund Investors: 19
California-based REIT Macerich Co (NYSE:MAC) has a dividend yield of about 4.6%. On May 6, Macerich Co’s (NYSE:MAC) CEO piled into 140,000 shares of Macerich Co (NYSE:MAC) at $14.26 per share. The total worth of this transaction was about $2 million. Since this transaction the stock is up 3.88%.
1. Ryman Hospitality Properties Inc (NYSE:RHP)
Number of Hedge Fund Investors: 26
Tennessee-based hotels and resorts company Ryman Hospitality Properties Inc (NYSE:RHP) is one of the dividend-paying stocks insiders are buying. The stock has a dividend yield of about 4% as of May 7.
On May 7, Colin V. Reed, the Executive Chairman of Ryman Hospitality Properties Inc (NYSE:RHP), bought 13,800 shares of Ryman Hospitality Properties Inc (NYSE:RHP) at $106.40 per share.
Diamond Hill Small Cap Fund stated the following regarding Ryman Hospitality Properties, Inc. (NYSE:RHP) in its fourth quarter 2023 investor letter:
“Other top contributors included Rocky Brands and Ryman Hospitality Properties, Inc. (NYSE:RHP). Leading lodging and hospitality real estate investment trust Ryman Hospitality is benefiting from its recent acquisition of JW Marriott Hill Country in San Antonio. Fundamentals are also strong, as are forward booking trends, giving a boost to shares in Q4.”
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