(VIANEWS) – ONE Gas (OGS), California Water Service Group (CWT), Assured Guaranty Ltd. (AGO) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. The payout ratio in itself isn’t a promise of a future good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue them.
When investigating a potential investment, the dividend payout ratio is a good statistic to know so here is a list of some companies with an above 30% payout ratio.
1. ONE Gas (OGS)
61.31% Payout Ratio
ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. It serves residential, commercial, and transportation customers. As of December 31, 2021, it operated approximately 41,600 miles of distribution mains; and 2,400 miles of transmission pipelines, as well as had 51.4 billion cubic feet of natural gas storage capacity. ONE Gas, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Earnings Per Share
As for profitability, ONE Gas has a trailing twelve months EPS of $3.75.
PE Ratio
ONE Gas has a trailing twelve months price to earnings ratio of 21.04. Meaning, the purchaser of the share is investing $21.04 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 9.04%.
Yearly Top and Bottom Value
ONE Gas’s stock is valued at $78.99 at 14:23 EST, way below its 52-week high of $92.26 and way above its 52-week low of $68.86.
Revenue Growth
Year-on-year quarterly revenue growth grew by 31.2%, now sitting on 2.35B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 8% and 1.1%, respectively.
Volume
Today’s last reported volume for ONE Gas is 211607 which is 66.81% below its average volume of 637570.
2. California Water Service Group (CWT)
56.5% Payout Ratio
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. It also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, the company offers wastewater collection and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
Earnings Per Share
As for profitability, California Water Service Group has a trailing twelve months EPS of $1.84.
PE Ratio
California Water Service Group has a trailing twelve months price to earnings ratio of 30.91. Meaning, the purchaser of the share is investing $30.91 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 7.64%.
Volume
Today’s last reported volume for California Water Service Group is 172594 which is 22.34% below its average volume of 222261.
Yearly Top and Bottom Value
California Water Service Group’s stock is valued at $56.88 at 14:23 EST, way under its 52-week high of $66.12 and way above its 52-week low of $48.46.
Earnings Before Interest, Taxes, Depreciation, and Amortization
California Water Service Group’s EBITDA is 5.05.
Revenue Growth
Year-on-year quarterly revenue growth grew by 15.9%, now sitting on 846.43M for the twelve trailing months.
3. Assured Guaranty Ltd. (AGO)
52.08% Payout Ratio
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. The company insures and reinsures various debt obligations, including bonds issued by the United States state, governmental authorities, or municipal governmental authorities; and notes issued to finance infrastructure projects. It also insures and reinsures various types of the U.S. public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds; non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, pooled infrastructure, and other public finance obligations; and the U.S. and non-U.S. Structured finance obligations, including residential mortgage-backed securities, insurance securitization obligations, consumer receivables securities, pooled corporate obligations, financial products, and other structured finance securities. In addition, the company provides asset management services comprising investment advisory services, including management of collateralized loan obligations and opportunity funds to outside investors. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. Assured Guaranty Ltd. was founded in 2003 and is headquartered in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Assured Guaranty Ltd. has a trailing twelve months EPS of $1.95.
PE Ratio
Assured Guaranty Ltd. has a trailing twelve months price to earnings ratio of 24.06. Meaning, the purchaser of the share is investing $24.06 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 2.32%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 21.6%, now sitting on 818M for the twelve trailing months.
Yearly Top and Bottom Value
Assured Guaranty Ltd.’s stock is valued at $46.92 at 14:23 EST, way under its 52-week high of $67.13 and above its 52-week low of $45.21.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Assured Guaranty Ltd.’s EBITDA is 6.51.
4. Peoples Bancorp (PEBO)
41.67% Payout Ratio
Peoples Bancorp Inc. operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts. It also offers debit and automated teller machine (ATM) cards; safe deposit rental facilities; money orders and cashier's checks; and telephone, mobile, and Internet-based banking services. In addition, the company provides various life, health, and property and casualty insurance products; third-party insurance administration; insurance premium financing; commercial and technology equipment leasing; fiduciary and trust; underwriting, origination and servicing of equipment leases, and equipment financing agreements; and asset management and administration services, as well as employee benefit, retirement, and health care plan administration services. Further, it offers brokerage services through an unaffiliated registered broker-dealers; insurance premium finance lending and lease financing services; and credit cards to individuals and businesses, as well as provides merchant credit card transaction processing, and person-to-person payment processing services. The company operates through 135 financial service offices and ATMs, including 119 full-service branches in Ohio, West Virginia, Kentucky, Virginia, Washington, D.C., and Maryland. Peoples Bancorp Inc. was founded in 1902 and is based in Marietta, Ohio.
Earnings Per Share
As for profitability, Peoples Bancorp has a trailing twelve months EPS of $3.59.
PE Ratio
Peoples Bancorp has a trailing twelve months price to earnings ratio of 7.45. Meaning, the purchaser of the share is investing $7.45 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 12.43%.
Volume
Today’s last reported volume for Peoples Bancorp is 327016 which is 157% above its average volume of 127240.
5. City Holding Company (CHCO)
36.03% Payout Ratio
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company offers checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. It also provides commercial and industrial loans that consist of loans to corporate and other legal entity borrowers primarily in small to mid-size industrial and commercial companies; commercial real estate loans comprising commercial mortgages, which are secured by nonresidential and multi-family residential properties; residential real estate loans to consumers for the purchase or refinance of residence; first-priority home equity loans; consumer loans that are secured and unsecured by automobiles, boats, recreational vehicles, certificates of deposit, and other personal property; and demand deposit account overdrafts. In addition, the company offers mortgage banking services, including fixed and adjustable-rate mortgages, construction financing, land loans, production of conventional and government insured mortgages, secondary marketing, and mortgage servicing. Further, it provides deposit services for commercial customers comprising treasury management, lockbox, and other cash management services; merchant credit card services; wealth management, trust, investment, and custodial services for commercial and individual customers; and corporate trust and institutional custody, financial and estate planning, and retirement plan services, as well as automated-teller-machine, interactive-teller-machine, mobile banking, interactive voice response systems, and credit and debit card services. The company operates through a network of 94 branches and 905 full-time equivalent associates in West Virginia, Virginia, Kentucky, and Ohio. City Holding Company was founded in 1957 and is headquartered in Charleston, West Virginia.
Earnings Per Share
As for profitability, City Holding Company has a trailing twelve months EPS of $5.02.
PE Ratio
City Holding Company has a trailing twelve months price to earnings ratio of 18.12. Meaning, the purchaser of the share is investing $18.12 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 16.21%.
Volume
Today’s last reported volume for City Holding Company is 65572 which is 22.37% below its average volume of 84474.
6. Chevron (CVX)
31.07% Payout Ratio
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Earnings Per Share
As for profitability, Chevron has a trailing twelve months EPS of $-4.12.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 23.77%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Feb 14, 2023, the estimated forward annual dividend rate is 6.04 and the estimated forward annual dividend yield is 3.47%.
Previous days news about Chevron (CVX)
- According to Zacks on Friday, 31 March, "The Treasury Department authorized Chevron Corporation (CVX Quick QuoteCVX – Free Report) to restart limited energy production inVenezuela after years of sanctions and bring the South American country’s crude oil to the United States.", "In January 2023, Chevron resumed Venezuela oil flows to the United States under a Treasury Department license. "
- Marathon (mro) to advance Guinea gas mega hub with Chevron. According to Zacks on Friday, 31 March, "Marathon Oil (MRO Quick QuoteMRO – Free Report) recently announced that it has inked a heads of agreement (HOA) with the Republic of Equatorial Guinea and Noble Energy, a Chevron (CVX Quick QuoteCVX – Free Report) company. ", "Investors should know that Chevron got hold of the assets in the West African country, as part of its $5 billion acquisition of Noble Energy in 2020."
