The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company 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 in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $779.1K by Jonathan Z. Cohen, CEO & President at Resource Capital Corp (RSO).Cohen bets big on RSO:
|08/07/2015||Jonathan Z. Cohen||CEO & President||250,000||$3.12||$779,150.00|
The current annualized dividend paid by Resource Capital Corp is $0.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/26/2015. Below is a long-term dividend history chart for RSO, which can be of good help in judging whether the most recent dividend with approx. 21.1% annualized yield is likely to continue.According to the ETF Finder at ETF Channel, RSO makes up 1.34% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.1% on the day Monday.