This U.S. Representative Just Bought Shares of Airbnb and These 2 Dividend-Paying Stocks
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Congressman Josh Gottheimer, a Democrat from New Jersey has been actively involved in stock trading over the past three and a half years, reporting over 1,200 trades. According to Capitol Trades, his top two traded stocks were Microsoft (MSFT:US) and Apple (AAPL:US). The politician additionally serves on the House Committee on Financial Services and the House Committee on Homeland Security.
A financial disclosure filed on August 13, 2022, revealed that Mr. Gottheimer and her spouse executed a trade involving up to $15,000 of Independent Bank Corporation (INDB:US) stock in November 2021. However, they failed to report this trade within the required timeframe of 45 days, which is a violation of the STOCK Act. This act mandates that members of Congress promptly report stock and other financial trades made by themselves and their spouses.
Besides this, let's take a look at the two dividend-paying stocks that the lawmaker acquired back in 2022.
On October 17, 2022, the Congressman invested between $1,000 and $15,000 in Allianz SE (ALIZY:US). Allianz is a global multi-line insurer with operations in various areas, including motor, home, travel, and personal liability insurance through its property and casualty division.
Back in December 2022, Allianz offered a dividend yield of nearly 5.71% or $1.23 per share annually, and the lawmaker made his investment when the closing price of the stock was $16.714 per share.
The other bet by the lawmaker was placed on October 19, 2022, related to the shares of Amgen Inc (AMGN:US), a leading biotechnology-based human therapeutics company. The company offered a dividend yield of almost 2.72% or $7.76 per share annually at the end of 2022. The congressman invested in the range of $1,000 - $15,000 at a price per share of $116.87.
It is worth noting that as of September 29, a total of 72 members of Congress have violated the federal STOCK Act, which was established to prevent insider trading. Some lawmakers, including Senators Elizabeth Warren and Steve Daines, have expressed the desire to further restrict members of Congress and their spouses from owning or trading individual stocks.
