(VIANEWS) – Garmin (GRMN), Assurant (AIZ), Eaton Corporation (ETN) are the highest payout ratio stocks on this list.
We have congregated information regarding stocks with the highest payout ratio up until now. The payout ratio in itself isn’t a guarantee of good investment but it’s an indicator of whether dividends are being paid and how the company chooses to issue them.
When researching a potential investment, the dividend payout ratio is a good statistic to know so here are a few stocks with an above 30% percent payout ratio.
1. Garmin (GRMN)
56.75% Payout Ratio
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Earnings Per Share
As for profitability, Garmin has a trailing twelve months EPS of $5.04.
PE Ratio
Garmin has a trailing twelve months price to earnings ratio of 19.36. Meaning, the purchaser of the share is investing $19.36 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 15.81%.
Moving Average
Garmin’s worth is below its 50-day moving average of $97.71 and above its 200-day moving average of $93.76.
Volume
Today’s last reported volume for Garmin is 299265 which is 65.03% below its average volume of 855944.
Sales Growth
Garmin’s sales growth is negative 10.2% for the present quarter and negative 4.8% for the next.
2. Assurant (AIZ)
54.26% Payout Ratio
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. The Global Lifestyle segment provides mobile device protection products and services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection and related services; and credit and other insurance services. The Global Housing segment offers lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other specialty products. The Global Preneed segment provides pre-funded funeral insurance, final need insurance, and related services. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Assurant has a trailing twelve months EPS of $5.05.
PE Ratio
Assurant has a trailing twelve months price to earnings ratio of 23.2. Meaning, the purchaser of the share is investing $23.2 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 5.71%.
Sales Growth
Assurant’s sales growth is 3.9% for the ongoing quarter and 4.5% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 3%, now sitting on 10.19B for the twelve trailing months.
Yearly Top and Bottom Value
Assurant’s stock is valued at $117.17 at 08:23 EST, way below its 52-week high of $194.12 and way higher than its 52-week low of $104.49.
3. Eaton Corporation (ETN)
52.77% Payout Ratio
Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems. Its Aerospace segment offers pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; and wiring connectors and cables, as well as hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. The company's Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry. Its eMobility segment provides voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.
Earnings Per Share
As for profitability, Eaton Corporation has a trailing twelve months EPS of $6.14.
PE Ratio
Eaton Corporation has a trailing twelve months price to earnings ratio of 26.57. Meaning, the purchaser of the share is investing $26.57 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 14.71%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 2, 2023, the estimated forward annual dividend rate is 3.44 and the estimated forward annual dividend yield is 2.11%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Eaton Corporation’s EBITDA is 79.73.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 9.9% and 9.6%, respectively.
4. Sonic Automotive (SAH)
46.19% Payout Ratio
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.
Earnings Per Share
As for profitability, Sonic Automotive has a trailing twelve months EPS of $2.23.
PE Ratio
Sonic Automotive has a trailing twelve months price to earnings ratio of 24. Meaning, the purchaser of the share is investing $24 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 8.98%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 12.8%, now sitting on 14B for the twelve trailing months.
Moving Average
Sonic Automotive’s value is below its 50-day moving average of $55.28 and above its 200-day moving average of $48.99.
