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Grab This Bargain 7.7% Yield Dividend Stock Even Cheaper Than Director O'Neil Did

By Dividend Channel Staff, Friday, September 24, 3:10 PM ET

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 20, Franklin Street Properties Corp's Director, Kathryn P. O'neil, invested $101,712.27 into 20,000 shares of FSP, for a cost per share of $5.09. 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.

In trading on Friday, bargain hunters could buy shares of Franklin Street Properties Corp (AMEX:FSP) and achieve a cost basis 9.0% cheaper than O'neil, with shares changing hands as low as $4.63 per share. It should be noted that O'neil has collected $0.09/share in dividends since the time of their purchase, so they are currently down 7.2% on their purchase from a total return basis. Franklin Street Properties Corp shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of FSP shares, versus its 200 day moving average:

Franklin Street Properties Corp Chart

Looking at the chart above, FSP's low point in its 52 week range is $3.34 per share, with $6.65 as the 52 week high point — that compares with a last trade of $4.66. By comparison, below is a table showing the prices at which FSP insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/11/2021 Kenneth A. Hoxsie Director 7,693 $5.07 $39,014.50
05/12/2021 Kenneth A. Hoxsie Director 2,307 $4.98 $11,486.09
05/20/2021 Kathryn P. O'neil Director 20,000 $5.09 $101,712.27
05/11/2021 Kenneth A. Hoxsie Director 7,693 $5.07 $39,014.50

The current annualized dividend paid by Franklin Street Properties Corp is $0.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/15/2021. Below is a long-term dividend history chart for FSP, which can be of good help in judging whether the most recent dividend with approx. 7.7% annualized yield is likely to continue.

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This Article's Word Cloud:   AMEX   Arial   Back   Bargain   Bargains   Below   Cheaper   Corp   Days   Director   Franklin   Hoxsie   Kathryn   Kenneth   Properties   Seven   Street   about   annualized   basis   below   buying   chart   cost   currently   dividend   down   escape   fillColor   hunters   insider   last   most   neil   only   paid   point   purchase   reason   recent   share   shares   stock   that   their   they   trading   week   which   with

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