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 $434.4K by Michael T. Tokarz, Chairman at MVC Capital (MVC).Tokarz bets big on MVC:
|09/26/2014||Michael T. Tokarz||Chairman||40,000||$10.86||$434,400.00|
The current annualized dividend paid by MVC Capital is $0.54/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/23/2014. Below is a long-term dividend history chart for MVC, which can be of good help in judging whether the most recent dividend with approx. 5.0% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, MVC makes up 1.19% of the BDC Income ETF ( BIZD) which is trading lower by about 0.3% on the day Tuesday.