(VIANEWS) – CubeSmart (CUBE), First Interstate BancSystem (FIBK), Allete (ALE) 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 guarantee 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. CubeSmart (CUBE)
137.98% Payout Ratio
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the United States.
Earnings Per Share
As for profitability, CubeSmart has a trailing twelve months EPS of $1.29.
PE Ratio
CubeSmart has a trailing twelve months price to earnings ratio of 34.82. Meaning, the purchaser of the share is investing $34.82 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 12.09%.
Previous days news about CubeSmart (CUBE)
- According to Zacks on Wednesday, 3 May, "Investors interested in REIT and Equity Trust – Other stocks are likely familiar with Modiv Inc. (MDV Quick QuoteMDV – Free Report) and CubeSmart (CUBE Quick QuoteCUBE – Free Report) . ", "Currently, Modiv Inc. has a Zacks Rank of #1 (Strong Buy), while CubeSmart has a Zacks Rank of #2 (Buy). "
2. First Interstate BancSystem (FIBK)
86.73% Payout Ratio
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, and other operational services, as well as online and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, energy, governmental services, healthcare, hospitality, housing, mining, professional services, real estate development, retail, technology, tourism, and wholesale trade. As of December 31, 2021, it operated 147 banking offices, including detached drive-up facilities in communities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. The company was incorporated in 1971 and is headquartered in Billings, Montana.
Earnings Per Share
As for profitability, First Interstate BancSystem has a trailing twelve months EPS of $1.96.
PE Ratio
First Interstate BancSystem has a trailing twelve months price to earnings ratio of 14.74. Meaning, the purchaser of the share is investing $14.74 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 7.99%.
Yearly Top and Bottom Value
First Interstate BancSystem’s stock is valued at $28.90 at 20:23 EST, way under its 52-week high of $46.34 and above its 52-week low of $28.12.
Revenue Growth
Year-on-year quarterly revenue growth grew by 71%, now sitting on 1.02B for the twelve trailing months.
3. Allete (ALE)
76.92% Payout Ratio
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, hydroelectric, natural gas-fired, biomass co-fired, and solar. The company provides regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers, as well as 15 non-affiliated municipal customers; and regulated utility electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 660 megawatt of wind energy generation. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 8,875 megavoltamperes. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
Earnings Per Share
As for profitability, Allete has a trailing twelve months EPS of $3.38.
PE Ratio
Allete has a trailing twelve months price to earnings ratio of 18.46. Meaning, the purchaser of the share is investing $18.46 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 4.18%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.7%, now sitting on 1.57B for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on May 11, 2023, the estimated forward annual dividend rate is 2.71 and the estimated forward annual dividend yield is 4.34%.
Yearly Top and Bottom Value
Allete’s stock is valued at $62.38 at 20:23 EST, under its 52-week high of $67.45 and way above its 52-week low of $47.77.
Moving Average
Allete’s value is below its 50-day moving average of $62.88 and higher than its 200-day moving average of $60.84.
4. Armada Hoffler Properties (AHH)
76.6% Payout Ratio
Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes.
Earnings Per Share
As for profitability, Armada Hoffler Properties has a trailing twelve months EPS of $0.94.
PE Ratio
Armada Hoffler Properties has a trailing twelve months price to earnings ratio of 12.47. Meaning, the purchaser of the share is investing $12.47 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 11.87%.
Sales Growth
Armada Hoffler Properties’s sales growth is 3.1% for the ongoing quarter and 3.3% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 9.1% and a negative 64.5%, respectively.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 27, 2023, the estimated forward annual dividend rate is 0.76 and the estimated forward annual dividend yield is 6.48%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 116.8%, now sitting on 454.15M for the twelve trailing months.
Previous days news about Armada Hoffler Properties (AHH)
- According to Zacks on Wednesday, 3 May, "One other stock from the same industry, Armada Hoffler Properties (AHH Quick QuoteAHH – Free Report) , is yet to report results for the quarter ended March 2023. "
5. Jerash Holdings (JRSH)
60.61% Payout Ratio
Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, t-shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally. The company was founded in 2016 and is based in Fairfield, New Jersey.
Earnings Per Share
As for profitability, Jerash Holdings has a trailing twelve months EPS of $0.33.
PE Ratio
Jerash Holdings has a trailing twelve months price to earnings ratio of 13.64. Meaning, the purchaser of the share is investing $13.64 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 6.06%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.9%, now sitting on 145.23M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 12, 2023, the estimated forward annual dividend rate is 0.2 and the estimated forward annual dividend yield is 4.47%.
Yearly Top and Bottom Value
Jerash Holdings’s stock is valued at $4.50 at 20:23 EST, way under its 52-week high of $6.88 and way above its 52-week low of $3.75.
Sales Growth
Jerash Holdings’s sales growth is negative 12.6% for the current quarter and 7.5% for the next.
6. Ameren (AEE)
57% Payout Ratio
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. In addition, the company generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. It serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.
Earnings Per Share
As for profitability, Ameren has a trailing twelve months EPS of $4.14.
PE Ratio
Ameren has a trailing twelve months price to earnings ratio of 21.46. Meaning, the purchaser of the share is investing $21.46 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 10.54%.
Moving Average
Ameren’s value is above its 50-day moving average of $85.28 and higher than its 200-day moving average of $87.13.
Yearly Top and Bottom Value
Ameren’s stock is valued at $88.84 at 20:23 EST, way under its 52-week high of $99.20 and way higher than its 52-week low of $73.28.
Previous days news about Ameren (AEE)
- According to Zacks on Monday, 1 May, "One other stock from the same industry, Ameren (AEE Quick QuoteAEE – Free Report) , is yet to report results for the quarter ended March 2023. "
- Ameren (aee) to report Q1 earnings: what's in the cards?. According to Zacks on Tuesday, 2 May, "Our proven model does not conclusively predict an earnings beat for Ameren this time around. "
