If the U.S. Fed raises rates in the next 12 months as Janet Yellen has suggested is possible, high-yielding stocks could face pressure as government bonds become more attractive. Crescent Point Energy Corp. is a Canadian stock with an above-average dividend yield of 6.9 per cent. Shares have recently moved back above $40 following fourth quarter results. However, insiders have sold $1.8-million worth of stock at an average price of $40.31 since March 18. Over the winter, the CEO bought when the stock was under $39.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.