(VIANEWS) – North European Oil Royality Trust (NRT), Blackrock Enhanced Equity Dividend Trust (BDJ), Eaton Vance Floating Rate Income Trust (EFT) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up to now. The payout ratio in itself isn’t a promise 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. North European Oil Royality Trust (NRT)
176.56% Payout Ratio
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies. It holds royalties for the sale of gas well gas, oil well gas, crude oil, condensate, and sulfur. North European Oil Royalty Trust is based in Keene, New Hampshire.
Earnings Per Share
As for profitability, North European Oil Royality Trust has a trailing twelve months EPS of $1.28.
PE Ratio
North European Oil Royality Trust has a trailing twelve months price to earnings ratio of 5.38. Meaning, the purchaser of the share is investing $5.38 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 1886.73%.
Moving Average
North European Oil Royality Trust’s value is way above its 50-day moving average of $5.99 and way under its 200-day moving average of $8.78.
Volume
Today’s last reported volume for North European Oil Royality Trust is 60183 which is 16.08% below its average volume of 71720.
Revenue Growth
Year-on-year quarterly revenue growth declined by 95.6%, now sitting on 12.78M for the twelve trailing months.
Yearly Top and Bottom Value
North European Oil Royality Trust’s stock is valued at $6.88 at 02:23 EST, way under its 52-week high of $16.36 and way above its 52-week low of $4.77.
2. Blackrock Enhanced Equity Dividend Trust (BDJ)
83.26% Payout Ratio
BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. 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 dividend paying stocks of companies across all market capitalizations. The fund also invests through derivatives, with an emphasis on option writing. It benchmarks the performance of its portfolio against the Russell 1000 Value Index. The fund was formerly known as BlackRock Enhanced Dividend Achievers TM Trust. BlackRock Enhanced Equity Dividend Trust was formed on August 31, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Blackrock Enhanced Equity Dividend Trust has a trailing twelve months EPS of $0.81.
PE Ratio
Blackrock Enhanced Equity Dividend Trust has a trailing twelve months price to earnings ratio of 9.73. Meaning, the purchaser of the share is investing $9.73 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 9.17%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 12, 2024, the estimated forward annual dividend rate is 0.67 and the estimated forward annual dividend yield is 8.56%.
Volume
Today’s last reported volume for Blackrock Enhanced Equity Dividend Trust is 324006 which is 37.66% below its average volume of 519761.
3. Eaton Vance Floating Rate Income Trust (EFT)
73.74% Payout Ratio
Eaton Vance Floating-Rate Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in fixed income markets of the United States. It invests in fixed income securities operating across diversified sectors. The fund primarily invests in senior, secured floating rate loans. It benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. Eaton Vance Floating-Rate Income Trust was formed on June 29, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, Eaton Vance Floating Rate Income Trust has a trailing twelve months EPS of $1.72.
PE Ratio
Eaton Vance Floating Rate Income Trust has a trailing twelve months price to earnings ratio of 7.76. Meaning, the purchaser of the share is investing $7.76 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 13.87%.
Volume
Today’s last reported volume for Eaton Vance Floating Rate Income Trust is 50180 which is 46.85% below its average volume of 94429.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Apr 22, 2024, the estimated forward annual dividend rate is 1.42 and the estimated forward annual dividend yield is 10.61%.
4. Independent Bank Corporation (IBCP)
32.97% Payout Ratio
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities across Lower Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Earnings Per Share
As for profitability, Independent Bank Corporation has a trailing twelve months EPS of $2.79.
PE Ratio
Independent Bank Corporation has a trailing twelve months price to earnings ratio of 8.96. Meaning, the purchaser of the share is investing $8.96 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 15.85%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 1.4% and a negative 10.8%, respectively.
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%.
