Pick Up This Bargain 5.1% Yield Dividend Stock Even Cheaper Than CEO Eckel Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 15, Hannon Armstrong Sustainable Infrastructure Capital Inc's CEO, Jeffrey Eckel, invested $19,989.94 into 994 shares of HASI, for a cost per share of $20.11. Bargain hunters tend to pay particular attention to insider buys like this one, because 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.

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In trading on Wednesday, bargain hunters could buy shares of Hannon Armstrong Sustainable Infrastructure Capital Inc ( HASI) and achieve a cost basis even cheaper than Eckel, with shares changing hands as low as $19.95 per share. Hannon Armstrong Sustainable Infrastructure Capital Inc shares are currently trading off about 0.6% on the day. The chart below shows the one year performance of HASI shares, versus its 200 day moving average:

Hannon Armstrong Sustainable Infrastructure Capital Inc Chart

Looking at the chart above, HASI's low point in its 52 week range is $13.07 per share, with $20.91 as the 52 week high point — that compares with a last trade of $20.42. By comparison, below is a table showing the prices at which HASI insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/21/2014 Jeffrey Eckel Chairman, President and CEO 1,000 $13.50 $13,502.00
12/09/2014 Jeffrey Eckel Chairman, President and CEO 1,000 $13.61 $13,605.00
12/16/2014 M. Rhem Wooten Executive Vice President 1,000 $13.79 $13,789.90
12/16/2014 Steven Chuslo GENERAL COUNSEL & EVP 3,000 $13.74 $41,211.60
03/17/2015 Steven Chuslo GENERAL COUNSEL & EVP 130 $17.93 $2,330.90
05/14/2015 M. Rhem Wooten Executive Vice President 675 $19.59 $13,223.18
05/15/2015 Jeffrey Eckel Chairman, President & CEO 994 $20.11 $19,989.94

The current annualized dividend paid by Hannon Armstrong Sustainable Infrastructure Capital Inc is $1.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/26/2015. Below is a long-term dividend history chart for HASI, which can be of good help in judging whether the most recent dividend with approx. 5.1% annualized yield is likely to continue.

HASI+Dividend+History+Chart

HASI makes up 2.05% of the PowerShares WilderHill Progressive Energy Portfolio ETF ( PUW)

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