(VIANEWS) – Prudential Global Short Duration High Yield Fund (GHY), Valley National Bancorp (VLY), M.D.C. Holdings (MDC) are the highest payout ratio stocks on this list.
We have congregated information regarding 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 researching 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. Prudential Global Short Duration High Yield Fund (GHY)
160.59% Payout Ratio
PGIM Global Short Duration High Yield Fund, Inc. is a closed ended fixed income mutual fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in fixed income markets across the globe. The fund primarily invests in high yield fixed income instruments of varying maturities that are rated Ba1 or lower by Moody's Investors Service, Inc. or BB+ or lower by Standard & Poor's Ratings Services. It seeks to maintain a weighted average maturity of five years or less. PGIM Global Short Duration High Yield Fund, Inc. was formed on December 26, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, Prudential Global Short Duration High Yield Fund has a trailing twelve months EPS of $0.85.
PE Ratio
Prudential Global Short Duration High Yield Fund has a trailing twelve months price to earnings ratio of 13.72. Meaning, the purchaser of the share is investing $13.72 for every dollar of annual earnings.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Nov 8, 2023, the estimated forward annual dividend rate is 1.26 and the estimated forward annual dividend yield is 12.23%.
Yearly Top and Bottom Value
Prudential Global Short Duration High Yield Fund’s stock is valued at $11.66 at 08:23 EST, below its 52-week high of $11.82 and way higher than its 52-week low of $10.24.
2. Valley National Bancorp (VLY)
46.32% Payout Ratio
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as certificates of deposit. The company offers various loan products comprising residential mortgage loans, automobile loans, secured personal lines of credit, and home equity loans; and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. It also invests in securities and interest-bearing deposits with other banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services, such as foreign exchange transactions, documentary collections, foreign wire transfers, and transaction accounts for non-resident aliens. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. The company operates 238 branches in New Jersey, New York, Florida, and Alabama. Valley National Bancorp was founded in 1927 and is based in New York, New York.
Earnings Per Share
As for profitability, Valley National Bancorp has a trailing twelve months EPS of $0.95.
PE Ratio
Valley National Bancorp 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 7.61%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Mar 13, 2024, the estimated forward annual dividend rate is 0.44 and the estimated forward annual dividend yield is 5.85%.
Sales Growth
Valley National Bancorp’s sales growth is negative 11.7% for the current quarter and negative 0.4% for the next.
Revenue Growth
Year-on-year quarterly revenue growth declined by 16.4%, now sitting on 1.82B for the twelve trailing months.
Yearly Top and Bottom Value
Valley National Bancorp’s stock is valued at $7.54 at 08:23 EST, way below its 52-week high of $11.22 and way higher than its 52-week low of $6.39.
3. M.D.C. Holdings (MDC)
39.7% Payout Ratio
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, Washington, Oregon, Colorado, Utah, Virginia, Maryland, and Florida. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.
Earnings Per Share
As for profitability, M.D.C. Holdings has a trailing twelve months EPS of $5.29.
PE Ratio
M.D.C. Holdings has a trailing twelve months price to earnings ratio of 11.86. Meaning, the purchaser of the share is investing $11.86 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 12.4%.
4. Cintas Corporation (CTAS)
36.23% Payout Ratio
Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. In addition, the company offers first aid and safety services, and fire protection products and services. It provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio. Cintas Corporation was formerly a subsidiary of Cintas Corporation.
Earnings Per Share
As for profitability, Cintas Corporation has a trailing twelve months EPS of $13.78.
PE Ratio
Cintas Corporation has a trailing twelve months price to earnings ratio of 49.86. Meaning, the purchaser of the share is investing $49.86 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 38.56%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Cintas Corporation’s EBITDA is 96.19.
Yearly Top and Bottom Value
Cintas Corporation’s stock is valued at $687.03 at 08:23 EST, higher than its 52-week high of $636.37.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 14, 2024, the estimated forward annual dividend rate is 5.4 and the estimated forward annual dividend yield is 0.86%.
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%.
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).
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
