Dividend Channel
Free Dividend Report - Top Ranked Stocks

PARTNER NEWS:

Mon, Nov 29, 6:56 AM, Zacks
The Zacks Analyst Blog Highlights: Microsoft, JPMorgan, Chevron, Medtronic and Danaher
The Zacks Analyst Blog Highlights Microsoft, JPMorgan, Chevron, Medtronic and Danaher

Fri, Nov 26, 6:18 AM, Zacks
JPMorgan (JPM) Mulls Investment in Greek Fintech Viva Wallet
JPMorgan (JPM) is weighing an investment in Greek fintech firm - Viva Wallet. The deal, if finalized, will further expand the bank's digital offerings across Europe.

Featured MNV Articles:

This Stock Has A 11.58% Yield And Sells For Less Than Book
Monday, December 28, 8:37 AM ET, by Market News Video Staff

Tcg BDC Inc (CGBD) has been named as a Top 10 dividend-paying financial stock, according ...

Tcg BDC About To Put More Money In Your Pocket (CGBD)
Monday, December 28, 10:03 AM ET, by Market News Video Staff

On 12/30/20, Tcg BDC Inc (CGBD) will trade ex-dividend, for its quarterly dividend of $0.32, ...

This ETF Holds Companies With Heavy Insider Buying - BIZD
Thursday, December 31, 10:12 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an ...

Strong Insider Buying Found in the Underlying Holdings of BIZD
Friday, February 12, 9:37 AM ET, by Market News Video Staff

A look at the weighted underlying holdings of the BDC Income ETF (BIZD) shows an ...

Reminder - Tcg BDC (CGBD) Goes Ex-Dividend Soon
Friday, March 26, 10:19 AM ET, by Market News Video Staff

On 3/30/21, Tcg BDC Inc (CGBD) will trade ex-dividend, for its quarterly dividend of $0.32, ...

Bag This Bargain 9.3% Yielder Even Cheaper Than Director Leekong Did

By Dividend Channel Staff, Tuesday, October 19, 3:13 PM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 11, Tcg BDC Inc's Director, Aren C. Leekong, invested $49,891.60 into 3,570 shares of CGBD, for a cost per share of $13.98. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Tcg BDC Inc (NASDAQ:CGBD) and achieve a cost basis even cheaper than Leekong, with shares changing hands as low as $13.87 per share. It should be noted that Leekong has collected $0.38/share in dividends since the time of their purchase, so they are currently up 2.0% on their purchase from a total return basis. Tcg BDC Inc shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of CGBD shares, versus its 200 day moving average:

Tcg BDC Inc Chart

Looking at the chart above, CGBD's low point in its 52 week range is $7.98 per share, with $14.30 as the 52 week high point — that compares with a last trade of $13.92. By comparison, below is a table showing the prices at which CGBD insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/12/2021 Mark David Jenkins Director 11,500 $13.12 $150,880.00
08/11/2021 Aren C. Leekong Director 3,570 $13.98 $49,891.60
08/06/2021 Thomas M. Hennigan CFO 14,450 $13.89 $200,710.50

The current annualized dividend paid by Tcg BDC Inc is $1.28/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/29/2021. Below is a long-term dividend history chart for CGBD, which can be of good help in judging whether the most recent dividend with approx. 9.3% annualized yield is likely to continue.


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.


This Article's Word Cloud:   Aren   Arial   August   Back   Bargain   Bargains   Below   CGBD   Cheaper   David   Days   Director   Dividend   Dollars   Hennigan   Insider   Insiders   Leekong   Seven   about   annualized   basis   below   buying   chart   cost   currently   dividend   escape   fillColor   hunters   insider   last   most   only   paid   point   purchase   reason   recent   share   shares   stock   that   their   they   trading   week   which   with

Bag This Bargain 9.3% Yielder Even Cheaper Than Director Leekong Did | www.DividendChannel.com | Copyright © 2010 - 2021, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.