Insiders Are Selling These 4 Dividend Stocks

There are many reasons why insiders sell stock in their own company. Some decide to diversify their holdings, others may do it for tax reasons, while many investors see a rally in the company’s stock as excessive and find the current price level as a good opportunity to unload their shares. Insider sales could be potential red flags, sending a strong signal to investors that, perhaps, now may be a good time to sell the shares. Here are four dividend-yielding stocks that recently insiders have been selling heavily.

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FirstEnergy (FE) is a $20.3 billion diversified energy company providing electric power to 6 million customers in six U.S. states. The utility company pays a dividend yield of 4.6% on a payout ratio of 81%. FirstEnergy’s peers Dominion Resources (D) and American Electric Power Co. (AEP) pay dividend yields of 3.9% and 4.7%, respectively. The company’s shares have hit 52-week high of $48.49 and are up 13.3% from the beginning of the year.

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Since the beginning of May, there have been four insider sales of FirstEnergy stock. (read the rest of the article here)

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