(VIANEWS) – Dominion Resources (D), First Trust MLP and Energy Income Fund (FEI), Illinois Tool Works (ITW) are the highest payout ratio stocks on this list.
We have congregated information about stocks with the highest payout ratio as yet. 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 distribute 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. Dominion Resources (D)
185.42% Payout Ratio
Dominion Energy, Inc. produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Gas Distribution segment is involved in the regulated natural gas sales, transportation, gathering, storage, and distribution operations in Ohio, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho that serve approximately 3.0 million residential, commercial and industrial customers. It also has nonregulated renewable natural gas facilities in operation. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 782,000 customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 435,000 residential, commercial, and industrial customers in South Carolina. The Contracted Assets segment is involved in the nonregulated long-term contracted renewable electric generation and solar generation facility development operations; and gas transportation, LNG import, and storage operations, as well as in the liquefaction facility. As of December 31, 2022, the company's portfolio of assets included approximately 31.0 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 78,500 miles of electric distribution lines; and 93,500 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.
Earnings Per Share
As for profitability, Dominion Resources has a trailing twelve months EPS of $1.44.
PE Ratio
Dominion Resources has a trailing twelve months price to earnings ratio of 37.22. Meaning, the purchaser of the share is investing $37.22 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 4.64%.
Yearly Top and Bottom Value
Dominion Resources’s stock is valued at $53.59 at 02:23 EST, way below its 52-week high of $86.28 and way above its 52-week low of $48.48.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on May 31, 2023, the estimated forward annual dividend rate is 2.67 and the estimated forward annual dividend yield is 4.99%.
2. First Trust MLP and Energy Income Fund (FEI)
103.45% Payout Ratio
First Trust MLP and Energy Income Fund is a closed-ended balanced mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Energy Income Partners LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating in the energy and energy utilities sectors. It primarily invests in equity and debt securities of MLPs and MLP-related entities, as well as in dividend paying growth stocks of companies. First Trust MLP and Energy Income Fund was formed on August 17, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, First Trust MLP and Energy Income Fund has a trailing twelve months EPS of $0.58.
PE Ratio
First Trust MLP and Energy Income Fund has a trailing twelve months price to earnings ratio of 14.05. Meaning, the purchaser of the share is investing $14.05 for every dollar of annual earnings.
3. Illinois Tool Works (ITW)
51.55% Payout Ratio
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.
Earnings Per Share
As for profitability, Illinois Tool Works has a trailing twelve months EPS of $9.99.
PE Ratio
Illinois Tool Works has a trailing twelve months price to earnings ratio of 26.18. Meaning, the purchaser of the share is investing $26.18 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 92.35%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jun 28, 2023, the estimated forward annual dividend rate is 5.24 and the estimated forward annual dividend yield is 2.05%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 0.8% and 4.3%, respectively.
Moving Average
Illinois Tool Works’s worth is higher than its 50-day moving average of $241.75 and way higher than its 200-day moving average of $230.26.
Sales Growth
Illinois Tool Works’s sales growth is 3.1% for the present quarter and 6% for the next.
Previous days news about Illinois Tool Works (ITW)
- According to Zacks on Monday, 31 July, "Below we have discussed industrial companies like Emerson Electric Co. (EMR Quick QuoteEMR – Free Report) , Ingersoll Rand (IR Quick QuoteIR – Free Report) , Illinois Tool Works Inc. (ITW Quick QuoteITW – Free Report) and Johnson Controls International (JCI Quick QuoteJCI – Free Report) that are set to trump earnings estimates this reporting cycle."
4. UPS (UPS)
50% Payout Ratio
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also provides international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industries; financial and information services; and fulfillment and transportation management services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, UPS has a trailing twelve months EPS of $12.36.
PE Ratio
UPS has a trailing twelve months price to earnings ratio of 15.19. Meaning, the purchaser of the share is investing $15.19 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 60.76%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
UPS’s EBITDA is 51.5.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 24% and a negative 12%, respectively.
Revenue Growth
Year-on-year quarterly revenue growth declined by 6%, now sitting on 98.89B for the twelve trailing months.
Moving Average
UPS’s worth is higher than its 50-day moving average of $176.83 and higher than its 200-day moving average of $179.04.
5. Diamond Hill Investment Group (DHIL)
41.84% Payout Ratio
Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent. The company was founded in 1990 and is based in Columbus, Ohio.
Earnings Per Share
As for profitability, Diamond Hill Investment Group has a trailing twelve months EPS of $14.34.
PE Ratio
Diamond Hill Investment Group has a trailing twelve months price to earnings ratio of 12.48. Meaning, the purchaser of the share is investing $12.48 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 21.9%.
Yearly Top and Bottom Value
Diamond Hill Investment Group’s stock is valued at $179.00 at 02:23 EST, below its 52-week high of $197.00 and way higher than its 52-week low of $154.24.
6. AmeriServ Financial (ASRV)
31.58% Payout Ratio
AmeriServ Financial, Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking services, such as demand, savings, and time deposits; checking and money market accounts; secured and unsecured consumer loans, and mortgage loans; and safe deposit boxes, holiday club accounts, and money orders. The company also provides lending, depository, and related financial services, such as commercial real estate mortgage loans, short and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services to commercial, industrial, financial, and governmental customers. In addition, the company offers personal trust products and services, including personal portfolio investment management, estate planning and administration, custodial services, and pre-need trusts; institutional trust products and services comprising 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts; financial services consisting of the sale of mutual funds, annuities, and insurance products; and union collective investment funds to invest union pension dollars in construction projects that utilize union labor. Further, it engages in underwriting as reinsurer of credit life and disability insurance. The company operates through a network of 17 banking locations in Allegheny, Cambria, Centre, Somerset, and Westmoreland counties, Pennsylvania, and Washington County, Maryland; and operates 18 automated bank teller machines. AmeriServ Financial, Inc. is headquartered in Johnstown, Pennsylvania.
Earnings Per Share
As for profitability, AmeriServ Financial has a trailing twelve months EPS of $0.38.
PE Ratio
AmeriServ Financial has a trailing twelve months price to earnings ratio of 6.53. Meaning, the purchaser of the share is investing $6.53 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 5.96%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 4.5%, now sitting on 56.55M for the twelve trailing months.
Volume
Today’s last reported volume for AmeriServ Financial is 28669 which is 122.63% above its average volume of 12877.
Yearly Top and Bottom Value
AmeriServ Financial’s stock is valued at $2.48 at 02:23 EST, way under its 52-week high of $4.12 and higher than its 52-week low of $2.46.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 4, 2023, the estimated forward annual dividend rate is 0.12 and the estimated forward annual dividend yield is 4.84%.
