Get An Even Better Deal On SYF Than Director Richie Did

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 January 28, Synchrony Financial’s Director, Laurel Richie, invested $15,100.00 into 500 shares of SYF, for a cost per share of $30.20. 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. Click here to find out which 9 other dividend bargains you can buy cheaper than insiders, at DividendChannel.com »

In trading on Monday, bargain hunters could buy shares of Synchrony Financial and achieve a cost basis 1.8% cheaper than Richie, with shares changing hands as low as $29.67 per share. It should be noted that Richie has collected $0.21/share in dividends since the time of their purchase, so they are currently down 1.1% on their purchase from a total return basis. Synchrony Financial shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of SYF shares, versus its 200 day moving average:

Looking at the chart above, SYF’s low point in its 52 week range is $21.775 per share, with $38.91 as the 52 week high point — that compares with a last trade of $29.66. By comparison, below is a table showing the prices at which SYF insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
01/28/2019	Laurel Richie	Director	500	$30.20	$15,100.00

The current annualized dividend paid by Synchrony Financial is $0.84/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/01/2019. Below is a long-term dividend history chart for SYF, which can be of good help in judging whether the most recent dividend with approx. 2.8% annualized yield is likely to continue.