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| Top Buys by Top Brass: CEO Lenehan's $198.4K Bet on FCPTBy Dividend Channel Staff, Tuesday, January 2, 12:09 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $198.4K by William H. Lenehan, CEO at Four Corners Property Trust Inc (NYSE:FCPT). Lenehan bets big on FCPT:
Lenehan's average cost works out to $22.05/share. Shares of Four Corners Property Trust Inc were changing hands at $25.72 at last check, trading up about 1.5% on Tuesday. The chart below shows the one year performance of FCPT shares, versus its 200 day moving average:
Looking at the chart above, FCPT's low point in its 52 week range is $20.51 per share, with $29.30 as the 52 week high point — that compares with a last trade of $25.72. The current annualized dividend paid by Four Corners Property Trust Inc is $1.38/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/28/2023. Below is a long-term dividend history chart for FCPT, which can be of good help in judging whether the most recent dividend with approx. 5.5% annualized yield is likely to continue.
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