A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $205.7K by Michael J. Dunn Jr., CEO at Suburban Propane Partners L.P. ( SPH).Dunn Jr. bets big on SPH:
|03/05/2014||Michael J. Dunn Jr.||President and CEO||5,000||$41.13||$205,650.00|
The current annualized dividend paid by Suburban Propane Partners L.P. is $3.50/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 01/31/2014. Below is a long-term dividend history chart for SPH, which can be of good help in judging whether the most recent dividend with approx. 8.4% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, SPH makes up 2.01% of the MLP ETF ( MLPA) which is trading up by about 0.2% on the day Wednesday.