Bag This Cheap 8.0% Yield Dividend Stock Even Lower Than Director Emkes Did

Shutterstock photo

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 March 2, CoreCivic Inc's Director, Mark A. Emkes, invested $105,869.00 into 5,000 shares of CXW, for a cost per share of $21.17. 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 Thursday, bargain hunters could buy shares of CoreCivic Inc (Symbol: CXW) and achieve a cost basis even cheaper than Emkes, with shares changing hands as low as $21.05 per share. CoreCivic Inc shares are currently trading down about 1.2% on the day. The chart below shows the one year performance of CXW shares, versus its 200 day moving average:

CoreCivic Inc Chart

Looking at the chart above, CXW's low point in its 52 week range is $19.59 per share, with $35.10 as the 52 week high point - that compares with a last trade of $21.18. By comparison, below is a table showing the prices at which CXW insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/02/2018 Mark A. Emkes Director 5,000 $21.17 $105,869.00

The current annualized dividend paid by CoreCivic Inc is $1.72/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/29/2018. Below is a long-term dividend history chart for CXW, which can be of good help in judging whether the most recent dividend with approx. 8.0% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, CXW makes up 2.07% of the WisdomTree U.S. SmallCap Quality Dividend Growth Fund ETF (Symbol: DGRS) which is trading lower by about 0.4% on the day Thursday.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Options
Referenced Symbols: CXW , DGRS

More from BNK Invest


BNK Invest

BNK Invest

Market News, Investing

Research Brokers before you trade

Want to trade FX?