Looking at the universe of stocks we cover at Dividend Channel, on 8/16/16, FreightCar America Inc will trade ex-dividend, for its quarterly dividend of $0.09, payable on 8/24/16. As a percentage of RAIL's recent stock price of $13.95, this dividend works out to approximately 0.65%, so look for shares of FreightCar America Inc to trade 0.65% lower — all else being equal — when RAIL shares open for trading on 8/16/16.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock 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.
Looking at the universe of stocks we cover at Dividend Channel, on 5/17/16, FreightCar America Inc will trade ex-dividend, for its quarterly dividend of $0.09, payable on 5/25/16. As a percentage of RAIL's recent stock price of $13.72, this dividend works out to approximately 0.66%, so look for shares of FreightCar America Inc to trade 0.66% lower — all else being equal — when RAIL shares open for trading on 5/17/16.
Looking at the universe of stocks we cover at Dividend Channel, on 2/16/16, FreightCar America Inc will trade ex-dividend, for its quarterly dividend of $0.09, payable on 2/24/16. As a percentage of RAIL's recent stock price of $19.39, this dividend works out to approximately 0.46%.
Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of FreightCar America Inc were yielding above the 2% mark based on its quarterly dividend (annualized to $0.36), with the stock changing hands as low as $17.43 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. FreightCar America Inc presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
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Upgrades: None
Downgrades: EIGI, GASS, JWN, MNTA, R, RAIL, VOYA
Initiations: None
Read on to get TheStreet Quant Ratings' detailed report: