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Pick Up This Cheap 13.1% Yield Dividend Stock Even Lower Than EVP Chandor Jr. Did

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 June 13, NTELOS Holdings Corp's EVP, CFO & Treas., Stebbins B. Chandor Jr., invested $93,525.00 into 7,500 shares of NTLS, for a cost per share of $12.47. 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.

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In trading on Friday, bargain hunters could buy shares of NTELOS Holdings Corp (NTLS) and achieve a cost basis 1.3% cheaper than Chandor Jr., with shares changing hands as low as $12.31 per share. NTELOS Holdings Corp shares are currently trading down about 3.4% on the day. The chart below shows the one year performance of NTLS shares, versus its 200 day moving average:

NTELOS Holdings Corp Chart

Looking at the chart above, NTLS's low point in its 52 week range is $11.20 per share, with $23.03 as the 52 week high point — that compares with a last trade of $12.43. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
06/13/2014 Stebbins B. Chandor Jr. EVP, CFO & Treas. 7,500 $12.47 $93,525.00

The current annualized dividend paid by NTELOS Holdings Corp is $1.68/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/11/2014. Below is a long-term dividend history chart for NTLS, which can be of good help in judging whether the most recent dividend with approx. 13.1% annualized yield is likely to continue.

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