(VIANEWS) – Madison Covered Call & Equity Strategy Fund (MCN), PCTEL (PCTI), Premier Financial Corp. (PFC) 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. Madison Covered Call & Equity Strategy Fund (MCN)
225% Payout Ratio
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Madison Covered Call & Equity Strategy Fund has a trailing twelve months EPS of $0.32.
PE Ratio
Madison Covered Call & Equity Strategy Fund has a trailing twelve months price to earnings ratio of 23.38. Meaning, the purchaser of the share is investing $23.38 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 4.47%.
Moving Average
Madison Covered Call & Equity Strategy Fund’s value is below its 50-day moving average of $7.52 and below its 200-day moving average of $7.74.
2. PCTEL (PCTI)
70.97% Payout Ratio
PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT. Its antenna portfolio includes Wi-Fi, Bluetooth, land mobile radio, tetra, global navigation satellite systems, cellular, industrial, scientific, medical, long range, and combination antenna solutions for used in public safety and military communications, utilities and energy, precision agriculture, smart traffic management, electric vehicle charging stations, embedded vehicles, forestry machinery, and off-road vehicles, as well as offers engineering design services. The company's industrial IoT devices include access points, radio modules, sensor communication modules, and wireless communication sensors for used in utilities and smart grid, oil and gas, manufacturing, logistics, industrial automation, smart metering, and asset tracking markets. It also offers radio frequency (RF) test and measurement products that enhance the performance of wireless networks with a focus on LTE, public safety, and 5G technologies for cellular testing, public safety and private radio network testing, federal government communications testing, and indoor building network testing applications. In addition, the company provides a cloud-based reporting platform for public safety to manage the data collection process and access final reports through an online map-based interface. It supplies its products to wireless equipment distributors, public and private carriers, wireless infrastructure providers, and value-added resellers, as well as original equipment manufacturers. PCTEL, Inc. was incorporated in 1994 and is headquartered in Bloomingdale, Illinois.
Earnings Per Share
As for profitability, PCTEL has a trailing twelve months EPS of $0.31.
PE Ratio
PCTEL has a trailing twelve months price to earnings ratio of 16.32. Meaning, the purchaser of the share is investing $16.32 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 8.63%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.9%, now sitting on 99.86M for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
PCTEL’s EBITDA is 27.88.
3. Premier Financial Corp. (PFC)
46.01% Payout Ratio
Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various demand, checking, money market, certificates of deposits, certificates of deposit account registry service, and savings accounts; and investment products. The company also provides residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans, and consumer loans. In addition, it invests in the U.S. treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations, and corporate bonds. Further, the company offers property and casualty, life, and group health insurance agency services; mezzanine funding services; and online banking services, which include mobile banking, People Pay, online bill pay, and online account opening, as well as the MoneyPass ATM network. It operates through 75 banking center offices and 12 loan offices in Ohio, Michigan, Indiana, Pennsylvania, and West Virginia. The company was formerly known as First Defiance Financial Corp. and changed its name to Premier Financial Corp. in June 2020. Premier Financial Corp. was incorporated in 1995 and is headquartered in Defiance, Ohio.
Earnings Per Share
As for profitability, Premier Financial Corp. has a trailing twelve months EPS of $2.65.
PE Ratio
Premier Financial Corp. has a trailing twelve months price to earnings ratio of 7.19. Meaning, the purchaser of the share is investing $7.19 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 10.12%.
Volume
Today’s last reported volume for Premier Financial Corp. is 179787 which is 1.53% above its average volume of 177075.
Yearly Top and Bottom Value
Premier Financial Corp. ‘s stock is valued at $19.05 at 20:23 EST, way below its 52-week high of $30.80 and way higher than its 52-week low of $13.60.
Revenue Growth
Year-on-year quarterly revenue growth declined by 10.2%, now sitting on 281.34M for the twelve trailing months.
Sales Growth
Premier Financial Corp. ‘s sales growth is negative 1.1% for the ongoing quarter and negative 12.8% for the next.
4. Hillenbrand (HI)
30.07% Payout Ratio
Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, as well as offers equipment system design services; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials. The Molding Technology Solutions segment offers injection molding and extrusion equipment; hot runner systems; process control systems; and mold bases and components for various industries, including automotive, consumer goods, medical, packaging, construction, and electronics. The Batesville segment designs, manufactures, distributes, and sells funeral services products and solutions, such as burial caskets, cremation caskets, containers and urns, other personalization and memorialization products, and web-based technology applications. The company was founded in 1906 and is headquartered in Batesville, Indiana.
Earnings Per Share
As for profitability, Hillenbrand has a trailing twelve months EPS of $2.91.
PE Ratio
Hillenbrand has a trailing twelve months price to earnings ratio of 17.67. Meaning, the purchaser of the share is investing $17.67 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 14.57%.
Volume
Today’s last reported volume for Hillenbrand is 171968 which is 44.96% below its average volume of 312475.
Yearly Top and Bottom Value
Hillenbrand’s stock is valued at $51.41 at 20:23 EST, below its 52-week high of $53.76 and way higher than its 52-week low of $36.16.
