(VIANEWS) – Prudential Short Duration High Yield Fund (ISD), Agree Realty Corporation (ADC), Apollo Tactical Income Fund (AIF) 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. Prudential Short Duration High Yield Fund (ISD)
223.77% Payout Ratio
Prudential Short Duration High Yield Fund, Inc. is a close ended fixed income mutual fund launched and managed by Prudential Investments LLC. The fund is co-managed by Prudential Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in a diversified portfolio of high yield fixed income instruments that are rated below investment grade (Ba1 or lower by Moody's Investors Service, Inc. or BB+ or lower by Standard & Poor's Ratings Services). It seeks to invest in securities across all maturities, while attempting to maintain a weighted average portfolio duration of three years or less. The fund employs fundamental analysis to make its investments. It does not invest in municipal debt obligations, asset backed securities, or mortgage backed securities. Prudential Short Duration High Yield Fund, Inc. was formed on April 30, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, Prudential Short Duration High Yield Fund has a trailing twelve months EPS of $0.62.
PE Ratio
Prudential Short Duration High Yield Fund has a trailing twelve months price to earnings ratio of 18.82. Meaning, the purchaser of the share is investing $18.82 for every dollar of annual earnings.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Oct 11, 2023, the estimated forward annual dividend rate is 1.26 and the estimated forward annual dividend yield is 11.02%.
Volume
Today’s last reported volume for Prudential Short Duration High Yield Fund is 52749 which is 51.53% below its average volume of 108842.
Moving Average
Prudential Short Duration High Yield Fund’s worth is below its 50-day moving average of $12.09 and below its 200-day moving average of $12.30.
2. Agree Realty Corporation (ADC)
163.13% Payout Ratio
Earnings Per Share
As for profitability, Agree Realty Corporation has a trailing twelve months EPS of $1.76.
PE Ratio
Agree Realty Corporation has a trailing twelve months price to earnings ratio of 31.05. Meaning, the purchaser of the share is investing $31.05 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 3.65%.
3. Apollo Tactical Income Fund (AIF)
83.12% Payout Ratio
Apollo Tactical Income Fund Inc. is a closed-ended fixed income fund launched and managed by Apollo Credit Management, LLC. The fund invests in fixed income markets. It primarily invests in senior secured loans including floating rate senior loans, high yield corporate bonds, and other credit instruments of varying maturities made to companies whose debt is typically rated below investment grade. The fund employs a conservative approach to credit selection that focuses on such factors as collateral coverage, structural seniority, credit fundamentals, with emphasis on leading defensible market positions, stable companies with positive cash flow, and proven management teams to create its portfolio. Apollo Tactical Income Fund Inc. was formed on February 25, 2013 and is domiciled in the United States.
Earnings Per Share
As for profitability, Apollo Tactical Income Fund has a trailing twelve months EPS of $1.7.
PE Ratio
Apollo Tactical Income Fund has a trailing twelve months price to earnings ratio of 7.64. Meaning, the purchaser of the share is investing $7.64 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 11.98%.
Moving Average
Apollo Tactical Income Fund’s value is below its 50-day moving average of $13.12 and above its 200-day moving average of $12.62.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 20, 2023, the estimated forward annual dividend rate is 1.46 and the estimated forward annual dividend yield is 11.28%.
Volume
Today’s last reported volume for Apollo Tactical Income Fund is 160272 which is 75.47% above its average volume of 91334.
Yearly Top and Bottom Value
Apollo Tactical Income Fund’s stock is valued at $12.98 at 14:23 EST, under its 52-week high of $13.70 and way higher than its 52-week low of $11.74.
4. NiSource (NI)
67.36% Payout Ratio
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It operates approximately 54,800 miles of distribution main pipelines, as well as associated individual customer service lines; and 1,000 miles of transmission main pipelines. The company generates, transmits, and distributes electricity to approximately 486,000 customers in 20 counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates coal-fired electric generating stations with a capacity of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; combined cycle gas turbine with a capacity of 563 MW in West Terre Haute; natural gas generating units with a capacity of 155 MW in Wheatfield; hydro generating plants with a capacity of 9 MW in Carroll County and 7 MW in White County; and wind generating units with a capacity of 102 MW and 302 MW in White County, Indiana. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.
Earnings Per Share
As for profitability, NiSource has a trailing twelve months EPS of $1.44.
PE Ratio
NiSource has a trailing twelve months price to earnings ratio of 18.09. Meaning, the purchaser of the share is investing $18.09 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 9.12%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 30% and 14%, respectively.
Earnings Before Interest, Taxes, Depreciation, and Amortization
NiSource’s EBITDA is 60.19.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Oct 29, 2023, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 3.93%.
Volume
Today’s last reported volume for NiSource is 5077250 which is 6.54% above its average volume of 4765500.
5. Seacoast Banking Corporation of Florida (SBCF)
52.27% Payout Ratio
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal or family purposes. As of December 31, 2021, it had 54 branch and commercial lending offices. The company was founded in 1926 and is headquartered in Stuart, Florida.
Earnings Per Share
As for profitability, Seacoast Banking Corporation of Florida has a trailing twelve months EPS of $1.32.
PE Ratio
Seacoast Banking Corporation of Florida has a trailing twelve months price to earnings ratio of 15.62. Meaning, the purchaser of the share is investing $15.62 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 5.69%.
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%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 1% and 1%, respectively.
Sales Growth
1’s sales growth is 1% for the ongoing quarter and 1% for the next.
