(VIANEWS) – PennantPark Floating Rate Capital Ltd. (PFLT), Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC), Blackrock MuniYield Quality Fund III (MYI) 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. PennantPark Floating Rate Capital Ltd. (PFLT)
153.9% Payout Ratio
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
Earnings Per Share
As for profitability, PennantPark Floating Rate Capital Ltd. has a trailing twelve months EPS of $0.77.
PE Ratio
PennantPark Floating Rate Capital Ltd. has a trailing twelve months price to earnings ratio of 14.91. Meaning, the purchaser of the share is investing $14.91 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 6.65%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Dec 14, 2023, the estimated forward annual dividend rate is 1.23 and the estimated forward annual dividend yield is 10.71%.
2. Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC)
152.34% Payout Ratio
Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach based on factors such as interest rate levels, conditions and developing trends in the bond and equity markets, analysis of relative valuations for preferred, convertible and other debt instruments, and other economic and market factors, including the overall outlook for the economy and inflation to create its portfolio. The Fund uses leverage .It benchmarks the performance of its portfolio against Barclays Capital U.S. Aggregate Bond Index. The fund was formerly known as Nuveen Multi-Strategy Income & Growth Fund 2. Nuveen Credit Strategies Income Fund was formed on June 25, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen Credit Strategies Income Fund Shares of Beneficial Interest has a trailing twelve months EPS of $-0.38.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 4.7%.
Moving Average
Nuveen Credit Strategies Income Fund Shares of Beneficial Interest’s worth is higher than its 50-day moving average of $5.00 and above its 200-day moving average of $5.04.
Volume
Today’s last reported volume for Nuveen Credit Strategies Income Fund Shares of Beneficial Interest is 760964 which is 34.54% above its average volume of 565563.
Yearly Top and Bottom Value
Nuveen Credit Strategies Income Fund Shares of Beneficial Interest’s stock is valued at $5.10 at 10:23 EST, under its 52-week high of $5.49 and above its 52-week low of $4.82.
Revenue Growth
Year-on-year quarterly revenue growth grew by 57.1%, now sitting on 108.86M for the twelve trailing months.
3. Blackrock MuniYield Quality Fund III (MYI)
50.5% Payout Ratio
BlackRock MuniYield Quality Fund III, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes. BlackRock MuniYield Quality Fund III, Inc. was formed in April 13, 1992 and is domiciled in United States.
Earnings Per Share
As for profitability, Blackrock MuniYield Quality Fund III has a trailing twelve months EPS of $-0.02.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -0.29%.
Yearly Top and Bottom Value
Blackrock MuniYield Quality Fund III’s stock is valued at $11.06 at 10:23 EST, under its 52-week high of $11.72 and way above its 52-week low of $9.32.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Dec 13, 2023, the estimated forward annual dividend rate is 0.67 and the estimated forward annual dividend yield is 6.02%.
4. BankFinancial Corporation (BFIN)
47.62% Payout Ratio
BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services. The company accepts various deposit products, including savings, NOW, checking, money market, IRA, and other retirement accounts, as well as certificates of deposit. Its loan products include multi-family and nonresidential real estate, construction and land, and commercial loans and leases; one-to-four family residential mortgage loans, including home equity loans and lines of credit; and consumer loans. The company also provides cash management, funds transfer, bill payment, other online and mobile banking transactions, automated teller machines, safe deposit boxes, trust, wealth management, and general insurance agency services. In addition, it offers financial planning services; and sells property and casualty, and other insurance products on an agency basis. The company operates 19 full-service banking offices located in Cook, DuPage, Lake, and Will Counties, Illinois. BankFinancial Corporation was founded in 1924 and is headquartered in Burr Ridge, Illinois.
Earnings Per Share
As for profitability, BankFinancial Corporation has a trailing twelve months EPS of $0.84.
PE Ratio
BankFinancial Corporation has a trailing twelve months price to earnings ratio of 10.75. Meaning, the purchaser of the share is investing $10.75 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 7.05%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Nov 8, 2023, the estimated forward annual dividend rate is 0.4 and the estimated forward annual dividend yield is 4.45%.
Volume
Today’s last reported volume for BankFinancial Corporation is 9492 which is 2.52% below its average volume of 9738.
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%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 1% and 1%, respectively.
