(VIANEWS) – MFS High Income Municipal Trust (CXE), Ellington Financial LLC (EFC), Gladstone Investment Corporation (GAIN) are the highest payout ratio stocks on this list.
We have collected information about stocks with the highest payout ratio up to now. The payout ratio in itself isn’t a guarantee of 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 are a few stocks with an above 30% percent payout ratio.
1. MFS High Income Municipal Trust (CXE)
222.86% Payout Ratio
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. It was formerly known as Colonial High Income Municipal Trust. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States.
Earnings Per Share
As for profitability, MFS High Income Municipal Trust has a trailing twelve months EPS of $0.07.
PE Ratio
MFS High Income Municipal Trust has a trailing twelve months price to earnings ratio of 51.14. Meaning, the purchaser of the share is investing $51.14 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 1.92%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 3.4%, now sitting on 10.24M for the twelve trailing months.
2. Ellington Financial LLC (EFC)
202.25% Payout Ratio
Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; and residential mortgage loans. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; equity investments in mortgage originators; and other strategic investments. In addition, the company offers consumer loans and asset-backed securities backed by consumer and commercial assets. Ellington Financial LLC was founded in 2007 and is based in Old Greenwich, Connecticut.
Earnings Per Share
As for profitability, Ellington Financial LLC has a trailing twelve months EPS of $0.89.
PE Ratio
Ellington Financial LLC has a trailing twelve months price to earnings ratio of 12.81. Meaning, the purchaser of the share is investing $12.81 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 6.38%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 27, 2024, the estimated forward annual dividend rate is 1.56 and the estimated forward annual dividend yield is 13.68%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is a negative 20% and a negative 2.6%, respectively.
Volume
Today’s last reported volume for Ellington Financial LLC is 2247780 which is 80.27% above its average volume of 1246830.
3. Gladstone Investment Corporation (GAIN)
48.24% Payout Ratio
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.
Earnings Per Share
As for profitability, Gladstone Investment Corporation has a trailing twelve months EPS of $1.98.
PE Ratio
Gladstone Investment Corporation has a trailing twelve months price to earnings ratio of 6.88. Meaning, the purchaser of the share is investing $6.88 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 14.82%.
Yearly Top and Bottom Value
Gladstone Investment Corporation’s stock is valued at $13.63 at 14:23 EST, under its 52-week high of $14.96 and way higher than its 52-week low of $12.11.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.9%, now sitting on 83.52M for the twelve trailing months.
Moving Average
Gladstone Investment Corporation’s value is under its 50-day moving average of $14.28 and higher than its 200-day moving average of $13.55.
4. Formula Systems (FORTY)
30.68% Payout Ratio
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
Earnings Per Share
As for profitability, Formula Systems has a trailing twelve months EPS of $4.07.
PE Ratio
Formula Systems has a trailing twelve months price to earnings ratio of 19.02. Meaning, the purchaser of the share is investing $19.02 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 13.93%.
Yearly Top and Bottom Value
Formula Systems’s stock is valued at $77.42 at 14:23 EST, below its 52-week high of $79.80 and way higher than its 52-week low of $55.97.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 2, 2023, the estimated forward annual dividend rate is 1.26 and the estimated forward annual dividend yield is 1.64%.
Moving Average
Formula Systems’s value is way higher than its 50-day moving average of $67.62 and way above its 200-day moving average of $68.71.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Formula Systems’s EBITDA is 23.6.
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.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, 1’s stock is considered to be overbought (>=80).
Sales Growth
1’s sales growth is 1% for the current quarter and 1% for the next.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1%, now sitting on 1 for the twelve trailing months.
