Insiders Buying This 6% Dividend Stock

If you want to make money in stocks, then you need to follow one simple rule: “Watch what people do, not what they say.” Every executive says their business has great prospects. But it’s only when they put their money where their mouth is and buy shares that you know they’re serious. For that reason, I always watch insider purchases to spot new investment ideas. Case in point...

In a series of transactions in December, pipeline giant Enterprise Products Partners L.P. (NYSE:EPD) executives bought over 2.1 million EPD units. These purchases had a total value of $58.3 million. This string of purchases by insiders represents a large vote of confidence in the business. Income hunters should take notice. Executives sell shares for all sorts of reasons, but there’s only one reason why they buy: they think their company’s stock has a lot of upside potential.

Source: Income Investors

Related Articles:
- Why We Are Dividend Growth Investors
- 3 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 8 Dividend Growth Stocks With Very Little Debt
- 4 Secrets To Finding The Best Dividend Stocks
- What Determines A Dividend Stock's Yield