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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 1/29/15, Dime Community Bancshares, Inc will trade ex-dividend, for its quarterly dividend of $0.14, payable on 2/10/15. As a percentage of DCOM's recent stock price of $15.21, this dividend works out to approximately 0.92%, so look for shares of Dime Community Bancshares, Inc to trade 0.92% lower — all else being equal — when DCOM shares open for trading on 1/29/15.
Cardinal Financial, Dime Community Bancshares and New York Community Bancorp also make the list because of their overexposure to commercial real estate loans.
TheStreet narrows down the list of 'Buy' rated bank dividend stocks to those with the highest dividend yields.