Helmerich & Payne Named Top Dividend Stock (HP)

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 dividend stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Helmerich & Payne (HP) which saw buying by Director Thomas A. Petrie. Back on December 3, Petrie invested $135,186.00 into 1,700 shares of HP, for a cost per share of $79.52. In trading on Friday, shares were changing hands as low as $107.76 per share, which is 35.5% above Petrie’s purchase price. The DividendRank report noted that among the coverage universe, HP shares displayed both attractive valuation metrics and strong profitability metrics.

Source: InvestorPlace

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