Movado Group Named Top Dividend Stock With Insider Buying and 1.85% Yield (MOV)

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 Movado Group, Inc. ( MOV), which saw buying by Chairman - CEO Efraim Grinberg.

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The Top DividendRank'ed Stocks With Insider Buying »

Back on June 10, Grinberg invested $98,100.00 into 5,000 shares of MOV, for a cost per share of $19.62. In trading on Thursday, shares were changing hands as low as $28.00 per share, which is 42.7% above Grinberg's purchase price. It should be noted that Grinberg has collected $0.26/share in dividends since the time of their purchase, so they are currently up 44.0% on their purchase from a total return basis. Movado Group, Inc. shares are currently trading +2.65% on the day. The chart below shows the one year performance of MOV shares, versus its 200 day moving average:

Movado Group, Inc. Chart

Looking at the chart above, MOV's low point in its 52 week range is $19.14 per share, with $30.98 as the 52 week high point — that compares with a last trade of $28.90. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

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