Artisan Partners Asset Management (NYSE: APAM) Yield: 9.2% This investment firm, with more than $169 billion under management, has a variable dividend policy. Over the past four quarters, it has paid $3.92 per share in dividends, which equals a yield of 8.4%. Annualizing the latest $1.07 per share dividend comes out to a yield of 9.2%. Independent Director Tench Coxe, who also serves on the board of directors at Nvidia (Nasdaq: NVDA), bought $10 million worth of Artisan Partners' stock on December 14, more than tripling his holdings. The current dividend will pay him nearly $1 million a year. Claros Mortgage Trust (NYSE: CMTG) Yield: 8.7% Claros Mortgage Trust just went public in November. When a company goes public, executives often sell shares and cash out. Not this mortgage real estate investment trust's CEO and chairman, Richard Mack. In December, he bought $1.9 million worth of shares in the open market, increasing his holdings by more than 10%. Starwood Property Trust (NYSE: STWD) Yield: 7.7% This hotel real estate investment trust's CEO, Barry Sternlicht, bought 217,500 shares worth more than $5 million on December 20. On the same day, the company's president, Jeffrey DiModica, acquired 6,500 shares for more than $148,000. Insider buying is not a guarantee that a stock will go higher. But when the leaders of a company buy shares with their own money, that is a vote of confidence and an indication that business is strong. Plus, when the company pays dividends, the insiders, who usually have substantial holdings, get another large check every quarter. I expect to see plenty more insider selling in 2022. Keep your eye on the stocks insiders are buying instead. Good investing, Marc |
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