City Holding Named Top Dividend Stock With Insider Buying and 3.83% Yield (CHCO)

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. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is City Holding Co. ( CHCO), which saw buying by Director Tracy W. Hylton II.

The Top DividendRank'ed Stocks With Insider Buying »

Back on May 30, Hylton II invested $23,640.80 into 545 shares of CHCO, for a cost per share of $43.38. In trading on Tuesday, bargain hunters could buy shares of City Holding Co. ( CHCO) and achieve a cost basis 4.7% cheaper than Hylton II, with shares changing hands as low as $41.32 per share. It should be noted that Hylton II has collected $0.40/share in dividends since the time of their purchase, so they are currently down 3.8% on their purchase from a total return basis. City Holding Co. shares are currently trading -0.79% on the day. The chart below shows the one year performance of CHCO shares, versus its 200 day moving average:

City Holding Co. Chart

Looking at the chart above, CHCO's low point in its 52 week range is $40.06 per share, with $49.57 as the 52 week high point — that compares with a last trade of $41.50. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

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