(VIANEWS) – Cincinnati Financial (CINF), DHT Holdings (DHT), TORM plc (TRMD) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to now. 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 researching 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. Cincinnati Financial (CINF)
14100% Payout Ratio
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. It also provides director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. It also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.
Earnings Per Share
As for profitability, Cincinnati Financial has a trailing twelve months EPS of $0.02.
PE Ratio
Cincinnati Financial has a trailing twelve months price to earnings ratio of 5068.5. Meaning, the purchaser of the share is investing $5068.5 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 0.04%.
Sales Growth
Cincinnati Financial’s sales growth is 166.2% for the present quarter and 38.9% for the next.
2. DHT Holdings (DHT)
68.57% Payout Ratio
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. As of March 17, 2021, it had a fleet of 28 very large crude carriers with a capacity of 8,660,835 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
Earnings Per Share
As for profitability, DHT Holdings has a trailing twelve months EPS of $0.71.
PE Ratio
DHT Holdings has a trailing twelve months price to earnings ratio of 10.92. Meaning, the purchaser of the share is investing $10.92 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 11.28%.
Volume
Today’s last reported volume for DHT Holdings is 1358030 which is 43.12% below its average volume of 2387610.
3. TORM plc (TRMD)
54.6% Payout Ratio
TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. The company was founded in 1889 and is headquartered in London, the United Kingdom.
Earnings Per Share
As for profitability, TORM plc has a trailing twelve months EPS of $8.67.
PE Ratio
TORM plc has a trailing twelve months price to earnings ratio of 2.98. Meaning, the purchaser of the share is investing $2.98 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 51.3%.
Moving Average
TORM plc’s value is way below its 50-day moving average of $29.81 and under its 200-day moving average of $27.54.
Sales Growth
TORM plc’s sales growth is 6.7% for the present quarter and negative 17.1% for the next.
Earnings Before Interest, Taxes, Depreciation, and Amortization
TORM plc’s EBITDA is 1.7.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 21, 2023, the estimated forward annual dividend rate is 5.84 and the estimated forward annual dividend yield is 23.16%.
4. Targa Resources (TRGP)
36.36% Payout Ratio
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. The company operates in two segments, Gathering and Processing, and Logistics and Transportation. It engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. The company is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, it offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. As of December 31, 2022, it leased and managed approximately 606 railcars; 122 tractors; and 6 vacuum trucks and 2 pressurized NGL barges. The company was incorporated in 2005 and is headquartered in Houston, Texas.
Earnings Per Share
As for profitability, Targa Resources has a trailing twelve months EPS of $3.85.
PE Ratio
Targa Resources has a trailing twelve months price to earnings ratio of 18.39. Meaning, the purchaser of the share is investing $18.39 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 41.79%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 8.8%, now sitting on 20.49B for the twelve trailing months.
Yearly Top and Bottom Value
Targa Resources’s stock is valued at $70.81 at 20:23 EST, way below its 52-week high of $79.70 and way higher than its 52-week low of $55.56.
5. Univest Financial Corporation (UVSP)
31.46% Payout Ratio
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co. that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations. The Wealth Management segment offers investment advisory, financial planning, and trust and brokerage services for private families and individuals, municipal pension plans, retirement plans, and trusts and guardianships. The Insurance segment provides commercial property and casualty insurance, employee benefits solutions, personal insurance lines, and human resources consulting services. It serves customers primarily in Bucks, Berks, Chester, Cumberland, Dauphin, Delaware, Lancaster, Lehigh, Montgomery, Northampton, Philadelphia, and York counties in Pennsylvania; and Atlantic, Burlington, and Cape May counties in New Jersey through 40 banking offices. The company was formerly known as Univest Corporation of Pennsylvania and changed its name to Univest Financial Corporation in January 2019. Univest Financial Corporation was founded in 1876 and is headquartered in Souderton, Pennsylvania.
Earnings Per Share
As for profitability, Univest Financial Corporation has a trailing twelve months EPS of $2.67.
PE Ratio
Univest Financial Corporation has a trailing twelve months price to earnings ratio of 7.43. Meaning, the purchaser of the share is investing $7.43 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 10.03%.
