Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

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

Stock Markets Oct 04, 2022 21:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. 2 Dividend Stocks A Prolific Trader, Lawmaker Not Named Nancy Pelosi Just Bought
 
IXIC
-0.18%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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

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

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email