* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

3 High-Yield Dividend Stocks That Executives Love

June 24, 2024
in Business
3 High-Yield Dividend Stocks That Executives Love
Share on FacebookShare on Twitter

Rear view of a businesswoman addressing a meeting in office. Female manager having a meeting with … [+] her team in office boardroom.

getty

Who cares what financial “pundits” are yapping about? Show us the money. Show us what the insiders are scooping up!

Insider buying, generally speaking, is more predictive than insider selling. The C-level types may sell stock to buy new boats or bribe their kids’ way into college. (Ha!)

But when these guys and gals buy, it’s for one reason. They believe their stock’s price is undervalued, and that it’s due to pop.

Insider buying activity has been quiet of late. No surprise there: The market is setting new highs on the regular, and many execs are nervous about buying when their stocks are at or near all-time highs.

That said, I’ve had my eye on a handful of recent insider buys in some of Wall Street’s top payers. These companies are yielding 6.4% to 12.3%. These insider buyers are not only confident that their stock price is heading higher. They also believe in the dividend.

Let’s start with a 6.4% dividend that had four of its big bosses buying in May.

Sunoco LP (SUN)

Distribution Yield: 6.4%

Recent Noteworthy Buys:

Chief Executive Officer Joseph Kim: 5,000 shares ($252,516) on 5/23/2024
Chief Sales Officer Brian A. Hand: 2,000 shares ($99,180) on 5/24/2024
Chief Operating Officer Karl R. Fails: 3,000 shares ($150,540) on 5/24/2024
Chief Commercial Officer Austin Harkness: 1,000 shares ($49,740) on 5/29/2024

Sunoco LP (SUN), a master limited partnership (MLP) that distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors in more than 40 states. And if the name sounds at all familiar, it’s connected to Energy Transfer LP (ET)—specifically, Sunoco’s general partner is owned by ET subsidiary Energy Transfer Operating LP.

And in May, Sunoco’s insiders went on a spending spree, buying up more than a half a million dollars’ worth of SUN shares.

The question is: Why?

Insiders typically don’t come out and tell us why they’re buying, so we need to read the tea leaves. For instance, Sunoco’s Q1 2024 results, posted in early May, were decent, and the company guided its 2024 adjusted EBITDA higher. And a few days before that, Sunoco raised its distribution—by 4%, to 87.56 cents per share—for the second time in a year. (That’s all the more important given that prior to 2023, SUN hadn’t improved its distribution since 2016.)

But I’m inclined to believe it’s more about two other factors.

For one, in late May, SUN shares retreated to their lowest point since 2023—a nice buy-the-dip moment to anyone looking for one.

It also could be optimism over the company’s $7.3 billion acquisition of NuStar Energy LP, which closed May 1. NuStar, whose assets include 9,500 miles of pipeline and 63 terminals, is expected to give Sunoco a growth path in the Midwest, providing additional geographic diversity (Sunoco doesn’t have much of a presence in the region). NuStar also features a Permian crude gathering system and growing ammonia and renewables businesses.

There’s plenty of potential brewing, though still some questions to be answered. Sunoco is still figuring out the extent of any commercial synergies it might enjoy. And management has signaled that it’s looking to unlock value in its crude oil business—they won’t sell those assets outright, but they’re open to options including a joint venture.

I’ll also point out that Sunoco is an MLP that comes with the added complication of a K-1 tax form, which I try to avoid.

Granite Ridge Resources (GRNT)

Dividend Yield: 7.4%

Recent Noteworthy Buys:

Director Michele J. Everard: 1,000 shares ($6,620) on 5/20/2024
Director John F. McCartney: 1,007 shares ($6,590) on 5/21/2024
Director Griffin Perry: 2,000 shares ($13,080) on 5/23/2024
Director John F. McCartney: 500 shares ($3,275) on 5/23/2024
Director Matthew Reade Miller: 7,700 shares ($50,050) on 6/3/2024
Director Thaddeus Darden: 3,000 shares ($18,870) on 6/6/2024
Director Matthew Reade Miller: 8,500 shares ($50,150) on 6/14/2024
Chief Executive Officer Luke C. Brandenberg: 5,000 shares ($29,650) on 6/14/2024
Director Thaddeus Darden: 7,000 shares ($41,300) on 6/14/2024

Granite Ridge Resources (GRNT) is an oddball of an energy firm from top to bottom.

Granite Ridge touts itself as a “hybrid” firm—part oil & gas company, and part private equity firm. It doesn’t actually operate anything. Instead, it invests in a diversified portfolio of production and acreage across the Permian Basin, Eagle Ford, Bakken, Haynesville and DJ Basin.

So, rather than drill wells and extract oil itself, Granite Ridge instead invests in more than 80 public and private hydrocarbon operators that do the work instead.

It’s also worth mentioning that this is a newer company—one that hit the public markets not by IPO, but via special purpose acquisition company (SPAC). Investment firm Grey Rock Investment Partners merged in October 2022 with Executive Network Partnering Corporation (the SPAC).

GRNT’s results since coming public have been dreadful—even with a generous dividend, shares have lost more than a third of their value during a period in which the energy sector is just above breakeven.

Insiders bought about $30,000 worth of shares in mid- to late May while the stock treaded water, then really started to pile in with $190,000 worth of purchases as the stock dove in June.

It’s difficult to see any catalysts on the horizon. And the company’s financial profile is a mixed bag. Granite Ridge’s short track record does include decent production growth, and it sports pretty low leverage of just 0.4x net debt to adjusted EBITDAX. But the company has gone from sporting $51 million in net cash at the end of 2022 to $117 million in net debt at the end of Q1 2024. Meanwhile, Q1 earnings of 12 cents per share only just covered its 11-cent dividend, while the company actually burned $1 million in cash for the quarter.

Most oil-and-gas investment opportunities are heavily reliant on commodity prices, which can make for a bumpy ride. Adding an opaque, private equity-esque structure on top of that doesn’t help matters—especially when we can get similar yields out of more straightforward energy plays.

Claros Mortgage Trust (CMTG)

Dividend Yield: 12.3%

Recent Noteworthy Buys:

Director Vincent Salvatore Tese: 6,000 shares ($43,581) on 5/23/2024
Director Vincent Salvatore Tese: 1,000 shares ($8,248) on 5/23/2024
Chief Executive Officer Michael J. McGillis: 15,010 shares ($110,172) on 5/24/2024
Chief Executive Officer Richard Mack: 44,000 shares ($319,000) on 5/28/2024
General Counsel Jeffrey D. Siegel: 5,000 shares ($36,150) on 5/28/2024
Chief Executive Officer Richard Mack: 116,000 shares ($832,880) on 5/28/2024
Chief Executive Officer Richard Mack: 40,000 shares ($276,000) on 5/29/2024

Claros Mortgage Trust (CMTG) is a member of one of the highest-yield industries on the market: mortgage real estate investment trusts (mREITs). Claros specializes in originating senior and subordinate loans on “transitional” commercial real estate assets, including multi-family residential, hospitality, office, mixed-use and other properties. Its $6.7 billion loan portfolio is predominantly (98%) senior loans; a similar percentage is floating-rate in nature.

The basic mortgage REIT business goes like this: An mREIT buys mortgage loans and collects the interest. They make money by borrowing “short” (assuming short-term rates are lower) and lending “long” (if long-term rates are, as they tend to be, higher). It’s a great model when long-term rates are steady or, better yet, declining. A drop in long-term rates makes existing mortgages more valuable because newer loans pay less. But if long-term rates rise, like they have over the past few years, mREITs get killed.

Off the cuff, I think the buying spree can be chalked up to the stock hitting all-time lows since the company’s 2021 IPO, combined with a “rates have to come down eventually” mentality.

Management might be right, but if they’re not, they and their shareholders could continue to suffer.

On a pure price basis, the stock has been cut in half since 2021. The mREIT has even pulled off a dividend cut in its short history—a 32% reduction in 2023 to the current 25 cents per share. Even then, distributable earnings—a non-GAAP measure favored by CMTG—were just 28 cents per share for all of last year, which wasn’t nearly enough to cover the payout. Even worse? Claros delivered a 12-cent distributable loss in the first quarter of 2024.

Even if rates improve, this is a portfolio with growing higher-risk loans and non-accruals above 10%. That’s not exactly a place of strength.

Brett Owens is Chief Investment Strategist for Contrarian Outlook. For more great income ideas, get your free copy his latest special report: Your Early Retirement Portfolio: Huge Dividends—Every Month—Forever.

Disclosure: none

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/brettowens/2024/06/23/3-high-yield-dividend-stocks-that-executives-love

Tags: businessdividendHigh-Yield
Previous Post

RxMapper Secures $5.7 Million SAFE Round

Next Post

Olivia Cooke And Phia Saban Discuss That ‘House Of The Dragon’ Funeral Scene

SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

July 10, 2025
Barstool Sports announces roster for Internet Invitational at Big Cedar Lodge – Springfield News-Leader

Barstool Sports announces roster for Internet Invitational at Big Cedar Lodge – Springfield News-Leader

July 10, 2025
Embedding information flows within ecological networks – Nature

Discovering the Hidden Dynamics of Information Flow in Ecological Networks

July 10, 2025
Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

July 10, 2025
The Boar War: Michigan accused of harassing pig farmers using faulty science – Michigan Capitol Confidential

The Boar War: Michigan accused of harassing pig farmers using faulty science – Michigan Capitol Confidential

July 10, 2025
I took my daughter to meet my girlfriend — and what she found changed everything – VegOut

I took my daughter to meet my girlfriend — and what she found changed everything – VegOut

July 9, 2025
See photos of FIFA Club World Cup semifinal: PSG defeats Real Madrid at MetLife Stadium – Bergen Record

PSG Clinches Exciting Victory Over Real Madrid in FIFA Club World Cup Semifinal – Stunning Photos Inside!

July 9, 2025
The Economic Consequences of the Big Odious Bill – The New Yorker

The Economic Consequences of the Big Odious Bill – The New Yorker

July 9, 2025
Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

July 9, 2025
Why 1.5 Million New Yorkers Could Lose Health Insurance Under Trump Bill – The New York Times

How 1.5 Million New Yorkers Could Face Losing Health Insurance Under Trump’s Proposed Bill

July 9, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (713)
  • Economy (737)
  • Entertainment (21,626)
  • General (15,806)
  • Health (9,774)
  • Lifestyle (743)
  • News (22,149)
  • People (738)
  • Politics (746)
  • Science (15,954)
  • Sports (21,236)
  • Technology (15,722)
  • World (719)

Recent News

SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

July 10, 2025
Barstool Sports announces roster for Internet Invitational at Big Cedar Lodge – Springfield News-Leader

Barstool Sports announces roster for Internet Invitational at Big Cedar Lodge – Springfield News-Leader

July 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version