(VIANEWS) – PIMCO Strategic Income Fund (RCS), John Hancock Hedged Equity & Income Fund (HEQ), Trinity Industries (TRN) 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 distribute 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. PIMCO Strategic Income Fund (RCS)
244.8% Payout Ratio
PIMCO Strategic Global Government Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. PIMCO Strategic Global Government Fund, Inc. was formed on February 24, 1994 and is domiciled in the United States.
Earnings Per Share
As for profitability, PIMCO Strategic Income Fund has a trailing twelve months EPS of $0.25.
PE Ratio
PIMCO Strategic Income Fund has a trailing twelve months price to earnings ratio of 21.56. Meaning, the purchaser of the share is investing $21.56 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 5.38%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 7, 2023, the estimated forward annual dividend rate is 0.61 and the estimated forward annual dividend yield is 11.4%.
Moving Average
PIMCO Strategic Income Fund’s worth is under its 50-day moving average of $5.49 and below its 200-day moving average of $5.41.
Revenue Growth
Year-on-year quarterly revenue growth declined by 27%, now sitting on 25.61M for the twelve trailing months.
2. John Hancock Hedged Equity & Income Fund (HEQ)
156.76% Payout Ratio
John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity & Income Fund was formed on May 26, 2011 and is domiciled in the United States.
Earnings Per Share
As for profitability, John Hancock Hedged Equity & Income Fund has a trailing twelve months EPS of $0.74.
PE Ratio
John Hancock Hedged Equity & Income Fund has a trailing twelve months price to earnings ratio of 12.91. Meaning, the purchaser of the share is investing $12.91 for every dollar of annual earnings.
Yearly Top and Bottom Value
John Hancock Hedged Equity & Income Fund’s stock is valued at $9.55 at 14:23 EST, way below its 52-week high of $12.97 and above its 52-week low of $9.52.
Volume
Today’s last reported volume for John Hancock Hedged Equity & Income Fund is 145285 which is 283.16% above its average volume of 37917.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 7, 2023, the estimated forward annual dividend rate is 1.12 and the estimated forward annual dividend yield is 11.69%.
Moving Average
John Hancock Hedged Equity & Income Fund’s value is under its 50-day moving average of $10.54 and way under its 200-day moving average of $11.14.
3. Trinity Industries (TRN)
88.29% Payout Ratio
Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services. As of December 31, 2022, it had a fleet of 108,440 railcars. This segment serves industrial shipper and railroad companies operating in agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and offers railcar maintenance and modification services. This segment serves railroads, leasing companies, and industrial shippers of products in the agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. It sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.
Earnings Per Share
As for profitability, Trinity Industries has a trailing twelve months EPS of $1.11.
PE Ratio
Trinity Industries has a trailing twelve months price to earnings ratio of 22.78. Meaning, the purchaser of the share is investing $22.78 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 9.01%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 73.3%, now sitting on 2.45B for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 20.6% and 43.2%, respectively.
4. Omega Flex (OFLX)
56.58% Payout Ratio
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.
Earnings Per Share
As for profitability, Omega Flex has a trailing twelve months EPS of $2.28.
PE Ratio
Omega Flex has a trailing twelve months price to earnings ratio of 34.53. Meaning, the purchaser of the share is investing $34.53 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 32.87%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Omega Flex’s EBITDA is 175.53.
5. First Bancorp (FNLC)
54.63% Payout Ratio
The First Bancorp, Inc. operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, savings, money market, and certificates of deposit accounts. The company also provides commercial real estate loan products, such as mortgage loans to finance investments in real property comprising multi-family residential, commercial/retail, office, industrial, hotel, educational, and other specific or mixed use properties; commercial construction loans to finance construction of owner- and non-owner occupied commercial real estate properties; and other commercial loans, which include revolving and term loan obligations to business and corporate enterprises for the purpose of financing working capital or capital investment. In addition, it offers municipal loans for capitalized expenditures, construction projects, or tax-anticipation notes; residential term loans that include amortizing home mortgages and construction loans, which include loans for owner-occupied residential construction; home equity loans and lines of credit; and consumer loans, which are amortizing loans to individuals collateralized by automobiles, pleasure crafts, and recreation vehicles, as well as unsecured short-term time notes. Further, the company provides private banking, financial planning, investment management, and trust services to individuals, businesses, non-profit organizations, and municipalities, as well as payment processing services. It operates through 18 full-service banking offices in Lincoln, Knox, Waldo, Penobscot, Hancock, and Washington counties in the Mid-Coast, Eastern, and Down East regions of Maine. The company was formerly known as First National Lincoln Corporation and changed its name to The First Bancorp, Inc. in April 2008. The First Bancorp, Inc. was founded in 1864 and is based in Damariscotta, Maine.
Earnings Per Share
As for profitability, First Bancorp has a trailing twelve months EPS of $3.13.
PE Ratio
First Bancorp has a trailing twelve months price to earnings ratio of 7.47. Meaning, the purchaser of the share is investing $7.47 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 15.08%.
Moving Average
First Bancorp’s value is under its 50-day moving average of $25.21 and way under its 200-day moving average of $26.47.
Previous days news about First Bancorp (FNLC)
- According to Zacks on Thursday, 28 September, "Another stock in the Finance sector, First Bancorp (FBP Quick QuoteFBP – Free Report) , has outperformed the sector so far this year. ", "Going forward, investors interested in Finance stocks should continue to pay close attention to Apollo Global Management Inc. and First Bancorp as they could maintain their solid performance."
1. 1 (1)
1% Payout Ratio
1
Earnings Per Share
As for profitability, 1 has a trailing twelve months EPS of $1.
PE Ratio
1 has a trailing twelve months price to earnings ratio of 1. Meaning, the purchaser of the share is investing $1 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 1%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jan 1, 1970, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1%.
