STURGEON BAY, Wis., Jan. 17, 2013 /PRNewswire/ -- Baylake Corp. (OTC BB: BYLK) is pleased to announce that its Board of Directors on January 15, 2013 declared a quarterly dividend of $0.04 per share on the Company's common stock. The dividend is payable on March 1, 2013 to shareholders of record on February 11, 2013. Baylake Corp., the holding company for Baylake Bank, serves Northeast and Central Wisconsin from 23 community financial centers throughout Brown, Door, Green Lake, Kewaunee, Manitowoc, Outagamie and Waushara Counties. SOURCE Baylake Corp.
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.