(VIANEWS) – Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest (PHD), Independent Bank Group (IBTX), Canadian Imperial Bank of Commerce (CM) 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 guarantee 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. Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest (PHD)
838.64% Payout Ratio
Pioneer Floating Rate Fund, Inc. is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S. High Yield Loans Index. Pioneer Floating Rate Fund, Inc. was formed on October 6, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest has a trailing twelve months EPS of $0.11.
PE Ratio
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest has a trailing twelve months price to earnings ratio of 82.64. Meaning, the purchaser of the share is investing $82.64 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 1.17%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 49.6%, now sitting on 16.53M for the twelve trailing months.
Volume
Today’s last reported volume for Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest is 17343 which is 74.67% below its average volume of 68487.
Moving Average
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest’s worth is above its 50-day moving average of $8.88 and higher than its 200-day moving average of $8.82.
Yearly Top and Bottom Value
Pioneer Floating Rate Trust Pioneer Floating Rate Trust Shares of Beneficial Interest’s stock is valued at $9.09 at 04:23 EST, under its 52-week high of $9.48 and above its 52-week low of $8.30.
2. Independent Bank Group (IBTX)
90.48% Payout Ratio
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2020, the company operated 93 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
Earnings Per Share
As for profitability, Independent Bank Group has a trailing twelve months EPS of $1.68.
PE Ratio
Independent Bank Group has a trailing twelve months price to earnings ratio of 23.2. Meaning, the purchaser of the share is investing $23.2 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 2.95%.
3. Canadian Imperial Bank of Commerce (CM)
66.67% Payout Ratio
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
Earnings Per Share
As for profitability, Canadian Imperial Bank of Commerce has a trailing twelve months EPS of $3.8.
PE Ratio
Canadian Imperial Bank of Commerce has a trailing twelve months price to earnings ratio of 11.21. Meaning, the purchaser of the share is investing $11.21 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 9.72%.
4. Canadian Natural Resources Limited (CNQ)
54.87% Payout Ratio
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Earnings Per Share
As for profitability, Canadian Natural Resources Limited has a trailing twelve months EPS of $4.76.
PE Ratio
Canadian Natural Resources Limited has a trailing twelve months price to earnings ratio of 12.82. Meaning, the purchaser of the share is investing $12.82 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 18.33%.
Previous days news about Canadian Natural Resources Limited (CNQ)
- According to Zacks on Tuesday, 5 December, "Canadian Natural Resources Limited dividend-yield-ttm | Canadian Natural Resources Limited Quote"
5. Progress Software Corporation (PRGS)
39.55% Payout Ratio
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Earnings Per Share
As for profitability, Progress Software Corporation has a trailing twelve months EPS of $1.77.
PE Ratio
Progress Software Corporation has a trailing twelve months price to earnings ratio of 30.23. Meaning, the purchaser of the share is investing $30.23 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 19.35%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Progress Software Corporation’s EBITDA is 4.41.
Yearly Top and Bottom Value
Progress Software Corporation’s stock is valued at $53.51 at 04:23 EST, way under its 52-week high of $62.34 and higher than its 52-week low of $48.93.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 18.8% and a negative 2.5%, respectively.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Nov 29, 2023, the estimated forward annual dividend rate is 0.7 and the estimated forward annual dividend yield is 1.31%.
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%.
Sales Growth
1’s sales growth is 1% for the current quarter and 1% for the next.
