(VIANEWS) – Dreyfus Strategic Municipals (LEO), John Hancock Hedged Equity & Income Fund (HEQ), Oxford Lane Capital Corp. (OXLC) are the highest payout ratio stocks on this list.
We have gathered information concerning stocks with the highest payout ratio up until now. The payout ratio in itself isn’t a promise of 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 are a few stocks with an above 30% percent payout ratio.
1. Dreyfus Strategic Municipals (LEO)
660% Payout Ratio
BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax. It employs fundamental analysis to create its portfolio. The fund was formerly known as Dreyfus Strategic Municipals, Inc. BNY Mellon Strategic Municipals, Inc. was formed on September 23, 1987 and is domiciled in the United States.
Earnings Per Share
As for profitability, Dreyfus Strategic Municipals has a trailing twelve months EPS of $0.04.
PE Ratio
Dreyfus Strategic Municipals has a trailing twelve months price to earnings ratio of 150.25. Meaning, the purchaser of the share is investing $150.25 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 -6.31%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 2.3%, now sitting on 29.83M for the twelve trailing months.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 13, 2024, the estimated forward annual dividend rate is 0.24 and the estimated forward annual dividend yield is 4.06%.
Yearly Top and Bottom Value
Dreyfus Strategic Municipals’s stock is valued at $6.01 at 20:23 EST, under its 52-week high of $6.50 and way higher than its 52-week low of $4.98.
2. John Hancock Hedged Equity & Income Fund (HEQ)
156.76% Payout Ratio
John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. 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 invests in stocks of companies across all market capitalizations. The fund also invests through derivatives such as call options and equity futures. John Hancock Hedged Equity & Income Fund was formed on May 26, 2011 and is domiciled in the United States.
Earnings Per Share
As for profitability, John Hancock Hedged Equity & Income Fund has a trailing twelve months EPS of $0.74.
PE Ratio
John Hancock Hedged Equity & Income Fund has a trailing twelve months price to earnings ratio of 13.86. Meaning, the purchaser of the share is investing $13.86 for every dollar of annual earnings.
Volume
Today’s last reported volume for John Hancock Hedged Equity & Income Fund is 3359 which is 92.81% below its average volume of 46727.
Yearly Top and Bottom Value
John Hancock Hedged Equity & Income Fund’s stock is valued at $10.26 at 20:23 EST, way below its 52-week high of $11.88 and way higher than its 52-week low of $9.08.
3. Oxford Lane Capital Corp. (OXLC)
139.39% Payout Ratio
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.
Earnings Per Share
As for profitability, Oxford Lane Capital Corp. has a trailing twelve months EPS of $0.66.
PE Ratio
Oxford Lane Capital Corp. has a trailing twelve months price to earnings ratio of 7.94. Meaning, the purchaser of the share is investing $7.94 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 14.53%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Mar 14, 2024, the estimated forward annual dividend rate is 0.96 and the estimated forward annual dividend yield is 18.53%.
Moving Average
Oxford Lane Capital Corp.’s worth is higher than its 50-day moving average of $5.13 and above its 200-day moving average of $5.06.
4. DNP Select Income Fund (DNP)
80.41% Payout Ratio
DNP Select Income Fund Inc. is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds. It seeks to invest in stocks of companies operating in the Utility sector. The fund invests in stocks of companies across all market capitalizations. It benchmarks the performance of its portfolio against the S&P 500 Utilities Index and Barclays Capital U.S. Utility Bond Index. DNP Select Income Fund Inc. was formed on November 26, 1986 and is domiciled in the United States.
Earnings Per Share
As for profitability, DNP Select Income Fund has a trailing twelve months EPS of $-0.47.
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 -6.46%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 7.8%, now sitting on 140.97M for the twelve trailing months.
Yearly Top and Bottom Value
DNP Select Income Fund’s stock is valued at $8.82 at 20:23 EST, way below its 52-week high of $11.52 and higher than its 52-week low of $8.09.
Volume
Today’s last reported volume for DNP Select Income Fund is 208269 which is 78.29% below its average volume of 959752.
5. Bank of South Carolina Corp. (BKSC)
58.62% Payout Ratio
Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit. The company offers secured and unsecured commercial loans, commercial real estate construction loans, consumer construction loans, home equity lines of credit, and mortgage originations, as well as paycheck protection program loans. It operates five banking house locations. The company was founded in 1986 and is headquartered in Charleston, South Carolina.
Earnings Per Share
As for profitability, Bank of South Carolina Corp. has a trailing twelve months EPS of $1.16.
PE Ratio
Bank of South Carolina Corp. has a trailing twelve months price to earnings ratio of 10.6. Meaning, the purchaser of the share is investing $10.6 for every dollar of annual earnings.
Volume
Today’s last reported volume for Bank of South Carolina Corp. is 961 which is 63.77% below its average volume of 2653.
Moving Average
Bank of South Carolina Corp.’s worth is below its 50-day moving average of $13.15 and below its 200-day moving average of $12.91.
Yearly Top and Bottom Value
Bank of South Carolina Corp.’s stock is valued at $12.30 at 20:23 EST, way under its 52-week high of $17.15 and way higher than its 52-week low of $9.52.
6. MarketAxess Holdings (MKTX)
42.04% Payout Ratio
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
Earnings Per Share
As for profitability, MarketAxess Holdings has a trailing twelve months EPS of $6.86.
PE Ratio
MarketAxess Holdings has a trailing twelve months price to earnings ratio of 31.22. Meaning, the purchaser of the share is investing $31.22 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 21.74%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter is a negative 6.6% and positive 11.9% for the next.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Feb 13, 2024, the estimated forward annual dividend rate is 2.96 and the estimated forward annual dividend yield is 1.38%.
Sales Growth
MarketAxess Holdings’s sales growth is 5% for the ongoing quarter and 14.1% for the next.
Volume
Today’s last reported volume for MarketAxess Holdings is 238453 which is 42.39% below its average volume of 413978.
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 maintained 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%.
Sales Growth
1’s sales growth is 1% for the ongoing quarter and 1% for the next.
