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 $126.4K invested across 3 purchases by Christopher J. Flynn, Co-CEO & Co-CIO at THL Credit Incorporated ( TCRD).Flynn bets big on TCRD:
|08/28/2014||Christopher J. Flynn||Co-CEO & Co-CIO||5,500||$14.00||$77,000.00|
|12/05/2014||Christopher J. Flynn||Co-CEO & Co-CIO||1,150||$12.88||$14,812.00|
|12/15/2014||Christopher J. Flynn||Co-CEO & Co-CIO||2,950||$11.72||$34,574.00|
The current annualized dividend paid by THL Credit Incorporated is $1.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/11/2014. Below is a long-term dividend history chart for TCRD, which can be of good help in judging whether the most recent dividend with approx. 12.0% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, TCRD makes up 2.34% of the BDC Income ETF ( BIZD) which is trading higher by about 1% on the day Wednesday.