(VIANEWS) – Invesco Trust for Investment Grade Municipals (VGM), Foot Locker (FL), Nuveen Credit Strategies Income Fund Shares of Beneficial Interest (JQC) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio as yet. 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. Invesco Trust for Investment Grade Municipals (VGM)
4625% Payout Ratio
Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Trust for Investment Grade Municipals has a trailing twelve months EPS of $0.01.
PE Ratio
Invesco Trust for Investment Grade Municipals has a trailing twelve months price to earnings ratio of 953. Meaning, the purchaser of the share is investing $953 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 negative -0.01%.
Volume
Today’s last reported volume for Invesco Trust for Investment Grade Municipals is 309365 which is 34.53% above its average volume of 229952.
2. Foot Locker (FL)
183.91% Payout Ratio
Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names. As of January 29, 2022, it operated 2,858 retail stores in 28 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia; and 142 franchised Foot Locker stores located in the Middle East and Asia. The company also offers its products through various e-commerce sites and mobile apps. Foot Locker, Inc. was founded in 1879 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, Foot Locker has a trailing twelve months EPS of $0.87.
PE Ratio
Foot Locker has a trailing twelve months price to earnings ratio of 32.67. Meaning, the purchaser of the share is investing $32.67 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 2.51%.
Sales Growth
Foot Locker’s sales growth is negative 3% for the current quarter and negative 5% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 68% and a negative 8.6%, respectively.
Yearly Top and Bottom Value
Foot Locker’s stock is valued at $28.42 at 13:23 EST, way under its 52-week high of $47.22 and way above its 52-week low of $14.84.
3. 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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 57.1%, now sitting on 108.86M for the twelve trailing months.
4. Calamos Global Dynamic Income Fund (CHW)
127.66% Payout Ratio
Calamos Global Dynamic Income Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in public equity and fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in growth stocks of companies across all market capitalizations, as well as in higher yield corporate bonds, government bonds, convertibles, and alternative investments such as arbitrage and call writes. The fund employs both fundamental and quantitative analysis, focusing on such factors as source, sustainability, and risk of investment opportunities to create its portfolio. It benchmarks the performance of its portfolio against the MSCI World Index and Merrill Lynch Global Broad Markets Index. The fund was formerly known as Calamos Global Diversified Income & Opportunities Fund. Calamos Global Dynamic Income Fund was formed on April 10, 2007 and is domiciled in the United States.
Earnings Per Share
As for profitability, Calamos Global Dynamic Income Fund has a trailing twelve months EPS of $0.47.
PE Ratio
Calamos Global Dynamic Income Fund has a trailing twelve months price to earnings ratio of 12.55. Meaning, the purchaser of the share is investing $12.55 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 7.77%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Dec 27, 2023, the estimated forward annual dividend rate is 0.6 and the estimated forward annual dividend yield is 10.17%.
Volume
Today’s last reported volume for Calamos Global Dynamic Income Fund is 125519 which is 26.91% below its average volume of 171752.
5. San Juan Basin Royalty Trust (SJT)
100% Payout Ratio
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The Subject Interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 1,140.0 net wells. BBVA USA serves as the trustee of the San Juan Basin Royalty Trust. The company was founded in 1980 and is based in Houston, Texas.
Earnings Per Share
As for profitability, San Juan Basin Royalty Trust has a trailing twelve months EPS of $1.65.
PE Ratio
San Juan Basin Royalty Trust has a trailing twelve months price to earnings ratio of 3.06. Meaning, the purchaser of the share is investing $3.06 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 2596.5%.
Yearly Top and Bottom Value
San Juan Basin Royalty Trust’s stock is valued at $5.05 at 13:23 EST, way below its 52-week high of $11.20 and above its 52-week low of $4.88.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jan 29, 2024, the estimated forward annual dividend rate is 1.01 and the estimated forward annual dividend yield is 20.04%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 85.5%, now sitting on 62.35M for the twelve trailing months.
Moving Average
San Juan Basin Royalty Trust’s value is way under its 50-day moving average of $5.85 and way under its 200-day moving average of $7.16.
6. Penns Woods Bancorp (PWOD)
58.99% Payout Ratio
Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement accounts. The company also offers loan products comprising residential, commercial, and construction real estate loans; agricultural loans for the purchase or improvement of real estate; commercial loans for the acquisition and improvement of real estate, purchase of equipment, and working capital purposes; letters of credit; consumer loans, such as construction and residential mortgages, home equity loans and lines, automobile financing, personal loans and lines of credit, and overdraft and check lines; and revolving credit loans with overdraft protection. In addition, it provides securities brokerage and financial planning services, which include the sale of life insurance products, annuities, and estate planning services; property and casualty, and auto insurance products; safe deposit services; ATM services; and Internet and telephone banking services. Further, the company engages in real estate transactions and investment activities. It operates through a network of twenty-seven offices located in Clinton, Lycoming, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The company was founded in 1907 and is headquartered in Williamsport, Pennsylvania.
Earnings Per Share
As for profitability, Penns Woods Bancorp has a trailing twelve months EPS of $2.17.
PE Ratio
Penns Woods Bancorp has a trailing twelve months price to earnings ratio of 9.55. Meaning, the purchaser of the share is investing $9.55 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 9.18%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Dec 10, 2023, the estimated forward annual dividend rate is 1.28 and the estimated forward annual dividend yield is 6.17%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 17.5%, now sitting on 63.58M for the twelve trailing months.
Moving Average
Penns Woods Bancorp’s worth is under its 50-day moving average of $21.28 and way under its 200-day moving average of $23.39.
Yearly Top and Bottom Value
Penns Woods Bancorp’s stock is valued at $20.72 at 13:23 EST, way under its 52-week high of $28.00 and above its 52-week low of $20.00.
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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 1% and 1%, respectively.
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%.
Volume
Today’s last reported volume for 1 is 1 which is 1% above its average volume of 1.
