Insider tips hold their own mystique in the financial world, often signaling potential for gains. When company directors put their money where their mouth is, there’s a higher chance of profitability. William H. Lenehan, the CEO at Four Corners Property Trust Inc (Symbol: FCPT), recently made a significant investment of $198.4K, catching the eye of discerning investors.
| Date of Purchase | Insider | Position | Shares Acquired | Price Per Share | Total Value |
|---|---|---|---|---|---|
| 11/06/2023 | William H. Lenehan | President and CEO | 9,000 | $22.05 | $198,450.00 |
Lenehan’s calculated investment pegs the share price around $22.05. Currently, FCPT shares are trading at $24.04, showcasing a mild 0.3% gain on Tuesday. To provide context, the year-long trajectory of FCPT shares in comparison to the 200-day moving average is visible in the chart below:
Examining the chart reveals FCPT’s 52-week low at $20.51 and high at $27.60, with the current trade settled at $24.04.
The ongoing annualized dividend per share from Four Corners Property Trust Inc stands at $1.38, distributed quarterly. The upcoming ex-dividend date is set for 03/27/2024. The historical dividend pattern, as depicted in the chart below, serves as a valuable reference point to evaluate the sustainability of the most recent dividend yield of approximately 5.8%:
Free Report: Discover Top Dividends Exceeding 8% (paid monthly)
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The thoughts and perspectives expressed herein represent the author’s personal insights and do not necessarily mirror those of Nasdaq, Inc.
