If you have been following the markets, you would know that double-digit yielders don’t really have the best reputation. When a company pays too much, there’s always a concern about its dividend safety. Moreover, even when a company is in trouble, management would most likely still be optimistic during earnings conference calls. So how do you know if a high-yield stock is actually worth owning? Well, you can always look for insider buying activity. Talk is cheap. But when management is willing to use their own money to buy the company’s shares, it can make the story a lot more convincing.
One stock that insiders have been loading up on is CrossAmerica Partners LP (NYSE:CAPL), a master limited partnership headquartered in Allentown, Pennsylvania. CrossAmerica is a wholesale fuel distributor. The partnership distributes branded and unbranded fuel for motor vehicles in the U.S. to around 1,200 locations. It also owns and operates a portfolio of fuel sites and convenience stores. CrossAmerica is a high-dividend stock. With a quarterly distribution rate of $0.6275 per unit, the partnership offers an annual yield of 10.06% at the current price.
Source: Income Investors
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- When A Stock Fails To Raise Its Dividend: Is It Time To Sell?
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- 5 Big-Name Dividend Stocks Crushing The S&P 500
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