(VIANEWS) – Cato Corporation (CATO), The Blackstone Group (BX), ONEOK (OKE) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up until 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 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. Cato Corporation (CATO)
33057.9% Payout Ratio
The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce Websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 30, 2021, the company operated 1,330 stores in 33 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.
Earnings Per Share
As for profitability, Cato Corporation has a trailing twelve months EPS of $-0.16.
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 -1.55%.
Volume
Today’s last reported volume for Cato Corporation is 53696 which is 36.13% below its average volume of 84075.
Yearly Top and Bottom Value
Cato Corporation’s stock is valued at $6.50 at 01:23 EST, way under its 52-week high of $9.44 and above its 52-week low of $6.26.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Dec 15, 2023, the estimated forward annual dividend rate is 0.68 and the estimated forward annual dividend yield is 10.56%.
2. The Blackstone Group (BX)
180.43% Payout Ratio
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.
Earnings Per Share
As for profitability, The Blackstone Group has a trailing twelve months EPS of $1.84.
PE Ratio
The Blackstone Group has a trailing twelve months price to earnings ratio of 68.56. Meaning, the purchaser of the share is investing $68.56 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 12.95%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 30.3%, now sitting on 7.68B for the twelve trailing months.
Yearly Top and Bottom Value
The Blackstone Group’s stock is valued at $126.15 at 01:23 EST, under its 52-week high of $133.53 and way higher than its 52-week low of $76.19.
Sales Growth
The Blackstone Group’s sales growth is 1.6% for the ongoing quarter and 17.2% for the next.
3. ONEOK (OKE)
69.85% Payout Ratio
ONEOK, Inc. engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also provides midstream services to producers of NGLs. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; NGL distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana; and transports refined petroleum products, including unleaded gasoline and diesel from Kansas to Iowa, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space and rail cars. Additionally, it transports, stores, and distributes refined products, NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending, fractionation, and marketing activities. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Earnings Per Share
As for profitability, ONEOK has a trailing twelve months EPS of $5.44.
PE Ratio
ONEOK has a trailing twelve months price to earnings ratio of 13.65. Meaning, the purchaser of the share is investing $13.65 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 21.73%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 11.1% and a drop 47.4% for the next.
Yearly Top and Bottom Value
ONEOK’s stock is valued at $74.25 at 01:23 EST, above its 52-week high of $73.83.
Earnings Before Interest, Taxes, Depreciation, and Amortization
ONEOK’s EBITDA is 50.31.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jan 29, 2024, the estimated forward annual dividend rate is 3.96 and the estimated forward annual dividend yield is 5.43%.
Previous days news about ONEOK (OKE)
- Oneok (oke) earnings and revenues miss estimates in Q4. According to Zacks on Tuesday, 27 February, "As of Dec 31, 2023, ONEOK had cash and cash equivalents worth $338 million compared with $220 million as of Dec 31, 2022."
4. Sprott Focus Trust (FUND)
46.19% Payout Ratio
Sprott Focus Trust, Inc. is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc. 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 primarily invests in value stocks of companies across all market capitalizations. The fund benchmarks the performance of its portfolio against the Russell 3000 Index. It was formerly known as Royce Focus Trust, Inc. Sprott Focus Trust, Inc. was formed on March 2, 1988 and is domiciled in the United States.
Earnings Per Share
As for profitability, Sprott Focus Trust has a trailing twelve months EPS of $1.1.
PE Ratio
Sprott Focus Trust has a trailing twelve months price to earnings ratio of 7.08. Meaning, the purchaser of the share is investing $7.08 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 -0.31%.
Volume
Today’s last reported volume for Sprott Focus Trust is 32764 which is 17.43% below its average volume of 39683.
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 stated 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%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
