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Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund, First Trust High Income Long Short Fund, Another 6 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE), First Trust High Income Long Short Fund (FSD), Eaton Vance Floating Rate Income Trust (EFT) have the highest dividend yield stocks on this list.

Financial Asset Forward Dividend Yield Updated (EST)
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE) 12.03% 2023-02-21 10:17:09
First Trust High Income Long Short Fund (FSD) 10.75% 2023-02-20 17:06:08
Eaton Vance Floating Rate Income Trust (EFT) 10.42% 2023-02-20 06:23:16
Arbor Realty Trust (ABR) 10.3% 2023-02-18 19:47:07
Piedmont Office Realty Trust (PDM) 8.55% 2023-02-22 17:11:08
Nuveen Intermediate Duration Municipal Term Fund (NID) 3.89% 2023-02-22 07:42:17
Mercantile Bank Corporation (MBWM) 3.84% 2023-02-27 19:42:16
Trustmark Corporation (TRMK) 2.67% 2023-02-09 19:46:16

Almost 2K companies listed in the Nasdaq and NYSE pay out dividends to its shareholders. The dividend yield is a dividend to price ratio showing how much a company pays out in dividends each year.

1. Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund (JCE) – Dividend Yield: 12.03%

Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund’s last close was $13.37, 24.59% below its 52-week high of $17.73. Intraday change was -1.84%.

Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options. It invests in stocks of companies operating across diversified sectors. It primarily invests in stocks of large-cap companies with market capitalization within the range of S&P 500 Index. The fund employs quantitative analysis to create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. Nuveen Core Equity Alpha Fund was formed on March 23, 2007 and is domiciled in the United States.

Earnings Per Share

As for profitability, Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months EPS of $3.96.

PE Ratio

Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund has a trailing twelve months price to earnings ratio of 3.31. Meaning, the purchaser of the share is investing $3.31 for every dollar of annual earnings.

Volume

Today’s last reported volume for Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund is 10369 which is 79.37% below its average volume of 50286.

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2. First Trust High Income Long Short Fund (FSD) – Dividend Yield: 10.75%

First Trust High Income Long Short Fund’s last close was $11.67, 16.1% below its 52-week high of $13.91. Intraday change was -0.43%.

First Trust High Income Long/Short Fund is a closed-ended fixed-income mutual fund launched and managed by First Trust Advisors, L.P. It is co-managed by MacKay Shields LLC. The fund invests in fixed-income markets across the globe. It primarily invests in high-yield corporate fixed-income securities of varying maturities that are rated below-investment grade, including corporate bonds, debentures, notes, and commercial papers. The fund employs fundamental analysis and a long/short strategy, with a focus on such factors as type, size, and cost of a security, financial statements of the issuer, credit quality and cash flow of the issuer, and evaluation of the forces which influence the market to create its portfolio. It benchmarks the performance of its portfolio against the Bank of America Merill Lynch U.S. High Yield Master II Constrained Index. First Trust High Income Long/Short Fund was formed on June 18, 2010 and is domiciled in the United States.

Earnings Per Share

As for profitability, First Trust High Income Long Short Fund has a trailing twelve months EPS of $1.86.

PE Ratio

First Trust High Income Long Short Fund has a trailing twelve months price to earnings ratio of 6.27. Meaning, the purchaser of the share is investing $6.27 for every dollar of annual earnings.

Yearly Top and Bottom Value

First Trust High Income Long Short Fund’s stock is valued at $11.67 at 02:15 EST, way below its 52-week high of $13.91 and way higher than its 52-week low of $10.53.

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3. Eaton Vance Floating Rate Income Trust (EFT) – Dividend Yield: 10.42%

Eaton Vance Floating Rate Income Trust’s last close was $12.13, 13.6% below its 52-week high of $14.04. Intraday change was -0.16%.

Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Floating-Rate Income Trust was formed on June 29, 2004 and is domiciled in the United States.

Earnings Per Share

As for profitability, Eaton Vance Floating Rate Income Trust has a trailing twelve months EPS of $0.22.

PE Ratio

Eaton Vance Floating Rate Income Trust has a trailing twelve months price to earnings ratio of 54.89. Meaning, the purchaser of the share is investing $54.89 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -5.97%.

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4. Arbor Realty Trust (ABR) – Dividend Yield: 10.3%

Arbor Realty Trust’s last close was $15.54, 14.1% below its 52-week high of $18.09. Intraday change was 4.37%.

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets. The company operates in two segments, Structured Business and Agency Business. It primarily invests in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related notes and various mortgage-related securities. The company offers bridge financing products to borrowers who seek short-term capital to be used in an acquisition of property; financing by making preferred equity investments in entities that directly or indirectly own real property; mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction; and junior participation financing in the form of a junior participating interest in the senior debt. In addition, it underwrites, originates, sells, and services multifamily mortgage loans through conduit/commercial mortgage-backed securities programs. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2003 and is headquartered in Uniondale, New York.

Earnings Per Share

As for profitability, Arbor Realty Trust has a trailing twelve months EPS of $1.9.

PE Ratio

Arbor Realty Trust has a trailing twelve months price to earnings ratio of 8.18. Meaning, the purchaser of the share is investing $8.18 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.59%.

Dividend Yield

As maintained by Morningstar, Inc., the next dividend payment is on Mar 1, 2023, the estimated forward annual dividend rate is 1.6 and the estimated forward annual dividend yield is 10.3%.

Growth Estimates Quarters

The company’s growth estimates for the current quarter and the next is a negative 53.5% and a negative 15%, respectively.

Yearly Top and Bottom Value

Arbor Realty Trust’s stock is valued at $15.54 at 02:15 EST, way under its 52-week high of $18.09 and way above its 52-week low of $11.16.

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5. Piedmont Office Realty Trust (PDM) – Dividend Yield: 8.55%

Piedmont Office Realty Trust’s last close was $9.82, 44.39% under its 52-week high of $17.66. Intraday change was -1.43%.

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in select sub-markets within seven major Eastern U.S. office markets, with the majority of its revenue being generated from the Sunbelt. Its geographically-diversified, approximately $5 billion portfolio is currently comprised of approximately 17 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&P Global Ratings (BBB) and Moody's (Baa2). At the end of the third quarter, approximately 63% of the company's portfolio was ENERGY STAR certified and approximately 41% was LEED certified.

Earnings Per Share

As for profitability, Piedmont Office Realty Trust has a trailing twelve months EPS of $1.19.

PE Ratio

Piedmont Office Realty Trust has a trailing twelve months price to earnings ratio of 8.13. Meaning, the purchaser of the share is investing $8.13 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.07%.

Yearly Top and Bottom Value

Piedmont Office Realty Trust’s stock is valued at $9.68 at 02:15 EST, way under its 52-week high of $17.66 and way above its 52-week low of $8.72.

Volatility

Piedmont Office Realty Trust’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.24%, a negative 0.43%, and a positive 1.89%.

Piedmont Office Realty Trust’s highest amplitude of average volatility was 2.24% (last week), 1.99% (last month), and 1.89% (last quarter).

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6. Nuveen Intermediate Duration Municipal Term Fund (NID) – Dividend Yield: 3.89%

Nuveen Intermediate Duration Municipal Term Fund’s last close was $12.92, 9.97% below its 52-week high of $14.35. Intraday change was -0.92%.

Nuveen Intermediate Duration Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in fixed income markets of the United States. The fund primarily invests in municipal securities that are exempt from federal income taxes. It invests in municipal securities rated investment grade, that is, Baa/BBB or better by S&P, Moody's, or Fitch, with an intermediate effective duration of between 3 and 10 years. Nuveen Intermediate Duration Municipal Term Fund was formed on December 5, 2012 and is domiciled in the United States.

Earnings Per Share

As for profitability, Nuveen Intermediate Duration Municipal Term Fund has a trailing twelve months EPS of $0.5.

PE Ratio

Nuveen Intermediate Duration Municipal Term Fund has a trailing twelve months price to earnings ratio of 25.69. Meaning, the purchaser of the share is investing $25.69 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -7.85%.

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7. Mercantile Bank Corporation (MBWM) – Dividend Yield: 3.84%

Mercantile Bank Corporation’s last close was $34.50, 11.61% below its 52-week high of $39.03. Intraday change was -0.2%.

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial, residential mortgage, and instalment loans; vacant land, land development, and residential construction loans; owner and non-owner occupied, and multi-family and residential rental property real estate loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 27 automated teller machines and 13 video banking machines. The company operates 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Earnings Per Share

As for profitability, Mercantile Bank Corporation has a trailing twelve months EPS of $2.93.

PE Ratio

Mercantile Bank Corporation has a trailing twelve months price to earnings ratio of 11.77. Meaning, the purchaser of the share is investing $11.77 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 13.6%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Mercantile Bank Corporation’s stock is considered to be overbought (>=80).

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 68.6% and 59.5%, respectively.

Yearly Top and Bottom Value

Mercantile Bank Corporation’s stock is valued at $34.50 at 02:15 EST, way under its 52-week high of $39.03 and way above its 52-week low of $29.26.

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8. Trustmark Corporation (TRMK) – Dividend Yield: 2.67%

Trustmark Corporation’s last close was $29.77, 22.62% under its 52-week high of $38.47. Intraday change was -1.85%.

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit. It also provides mortgage banking services, including construction financing, production of conventional and government insured mortgages, and secondary marketing and mortgage servicing; and treasury management services. In addition, the company provides wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and corporate trust and institutional custody, securities brokerage, financial and estate planning, retirement plan, and investment management. Further, it offers business insurance products and services for medical professionals, construction, manufacturing, hospitality, real estate, and group life and health plans; and life and health insurance, and personal line policies for individual customers, as well as provides an intermediary vehicle for the provision of loans or investments in low-income communities. As of December 31, 2020, the company operated 174 full-service branches and 12 limited service branches; and 230 automated teller machines and 34 interactive teller machines. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.

Earnings Per Share

As for profitability, Trustmark Corporation has a trailing twelve months EPS of $2.98.

PE Ratio

Trustmark Corporation has a trailing twelve months price to earnings ratio of 9.98. Meaning, the purchaser of the share is investing $9.98 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.06%.

Volume

Today’s last reported volume for Trustmark Corporation is 219772 which is 34.58% below its average volume of 335965.

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