Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

2 Dividend Stocks A Prolific Trader, Lawmaker Not Named Nancy Pelosi Just Bought

Published 04/10/2022, 20:17
Updated 04/10/2022, 21:10
© Reuters.  2 Dividend Stocks A Prolific Trader, Lawmaker Not Named Nancy Pelosi Just Bought

In the past 30 days, U.S Rep. Diana Harshbarger (R-TN) made 17 trades at a volume of 277,000 shares, becoming the biggest trader in Congress.

Harshbarger was an active seller of the U.S. Treasury notes in August and September, as filings show she made three sell trades in the value range of $15,000 to $50,000 on Aug. 24 and Sept. 15.

The congresswoman made nearly 50 trades involving several stocks, all falling in the $1,000 to $15,000 value range year-to-date. Harshbarger’s most traded stocks included NortonLifeLock Inc (NASDAQ: NLOK), Adobe Inc (NASDAQ: NASDAQ:ADBE), Amazon.com, Inc. (NASDAQ: NASDAQ:AMZN), Electronic Arts Inc (NASDAQ: NASDAQ:EA) and Coca-Cola Co . (NYSE: NYSE:KO).

Go To: These Members Of Congress Want To Block Amazon's Acquisition Of iRobot: Here's Why

Harshbarger also opened positions in these two stocks.

PNC Financial Services Group Inc. (NYSE: NYSE:PNC) is offering a dividend yield of 3.90% or $6 per share annually, through quarterly payments, with a decent track record of increasing its dividends for two consecutive years.

PNC Financial Services is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the U.S.

On Aug. 23, 2022, Harshbarger purchased PNC shares at a range between $1,000 to $15,000 in value, at a market price of $166.49 per share.

In the third quarter of 2022, PNC saw 40,000 shares bought by politicians with none sold, and 15 politicians are currently trading the stock, per Capitol Trades.

Lockheed Martin Corporation (NYSE: NYSE:LMT) is offering a dividend yield of 2.81% or $11.20 per share annually, using monthly payments, with a notable track record of increasing its dividends for 19 consecutive years.

Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since the F-35 program was awarded in 2001.

On Aug. 29, 2022, Harshbarger opened an undisclosed position in Lockheed Martin worth $1,000 to $15,000 in value at a share price of $429.68.

On the same date, Harshbarger's spouse opened a position in Lockheed Martin worth $1,000 to $15,000 in value, with joint ownership also being opened for the same value, at a market price of $429.68 per share.

Photo: Gage Skidmore From Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.