(VIANEWS) – Nuveen California Select Tax (NXC), American Assets Trust (AAT), BlackRock Municipal Target Term Trust (BTT) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio at the moment. 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 distribute 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. Nuveen California Select Tax (NXC)
273.53% Payout Ratio
Nuveen California Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in the securities of companies that operate across diversified sectors. It primarily invests in municipal bonds. The fund employs fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital California Municipal Bond Index and S&P California Municipal Bond Index. Nuveen California Select Tax-Free Income Portfolio was formed on June 19, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen California Select Tax has a trailing twelve months EPS of $0.19.
PE Ratio
Nuveen California Select Tax has a trailing twelve months price to earnings ratio of 70.31. Meaning, the purchaser of the share is investing $70.31 for every dollar of annual earnings.
Volume
Today’s last reported volume for Nuveen California Select Tax is 6416 which is 52.61% below its average volume of 13540.
Yearly Top and Bottom Value
Nuveen California Select Tax’s stock is valued at $13.36 at 20:23 EST, under its 52-week high of $13.70 and way above its 52-week low of $11.86.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.7%, now sitting on 3.67M for the twelve trailing months.
Moving Average
Nuveen California Select Tax’s value is above its 50-day moving average of $13.19 and above its 200-day moving average of $12.84.
2. American Assets Trust (AAT)
148.88% Payout Ratio
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii. The company's office portfolio comprises approximately 3.4 million rentable square feet, and its retail portfolio comprises approximately 3.1 million square feet. In addition, the company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,112 multifamily units. In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes.
Earnings Per Share
As for profitability, American Assets Trust has a trailing twelve months EPS of $0.89.
PE Ratio
American Assets Trust has a trailing twelve months price to earnings ratio of 24.81. Meaning, the purchaser of the share is investing $24.81 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 5.88%.
3. BlackRock Municipal Target Term Trust (BTT)
109.96% Payout Ratio
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. It was formerly known as BlackRock Municipal Target Term Trust. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States.
Earnings Per Share
As for profitability, BlackRock Municipal Target Term Trust has a trailing twelve months EPS of $0.57.
PE Ratio
BlackRock Municipal Target Term Trust has a trailing twelve months price to earnings ratio of 36.59. Meaning, the purchaser of the share is investing $36.59 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 1.77%.
Yearly Top and Bottom Value
BlackRock Municipal Target Term Trust’s stock is valued at $20.86 at 20:23 EST, below its 52-week high of $21.64 and way above its 52-week low of $18.90.
4. Southern Company (SO)
72.54% Payout Ratio
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it owns and operates nuclear, coal, hydro, cogeneration, solar, wind, battery storage, and fuel cell facilities. Further, the constructs, operates, and maintains approximately 77,900 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.9 million electric and gas utility customers. Further, it develops distributed energy and resilience solutions; deploys microgrids for commercial, industrial, governmental, and utility customers; and offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
Earnings Per Share
As for profitability, Southern Company has a trailing twelve months EPS of $3.62.
PE Ratio
Southern Company has a trailing twelve months price to earnings ratio of 18.99. Meaning, the purchaser of the share is investing $18.99 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 11.74%.
Moving Average
Southern Company’s value is under its 50-day moving average of $71.35 and below its 200-day moving average of $69.38.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2.6%, now sitting on 25.42B for the twelve trailing months.
Sales Growth
Southern Company’s sales growth is negative 7.6% for the current quarter and negative 11.8% for the next.
Volume
Today’s last reported volume for Southern Company is 4800270 which is 1.51% above its average volume of 4728670.
Previous days news about Southern Company (SO)
- According to Zacks on Friday, 17 May, "Utility Stocks: Because of their stability and dividends, market interest tends to shift towards more conservative equity sectors like utilities duringheightened volatilitywith Duke Energy (DUK Quick QuoteDUK – Free Report) , NextEra Energy (NEE Quick QuoteNEE – Free Report) , and Southern Company (SO Quick QuoteSO – Free Report) being three of the largest utility stocks by market value."
5. ConnectOne Bancorp (CNOB)
35.98% Payout Ratio
ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank, a chartered commercial bank that provides various commercial banking products and services. The company's deposit products include personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers insurance, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, ACH origination, mobile banking by phone, safe deposit box, and remote deposit capture services. It operates through a network of nine banking offices in Bergen County, five banking offices in Union County, two banking offices in Morris County, one office Essex County, one office in Hudson County, one office in Mercer County, one office in Monmouth County, one office in the borough of Manhattan, one office in Nassau County, and one office in Astoria, as well as six branches in the Hudson Valley. ConnectOne Bancorp, Inc. serves small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.
Earnings Per Share
As for profitability, ConnectOne Bancorp has a trailing twelve months EPS of $1.89.
PE Ratio
ConnectOne Bancorp has a trailing twelve months price to earnings ratio of 10.64. Meaning, the purchaser of the share is investing $10.64 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 6.59%.
Moving Average
ConnectOne Bancorp’s worth is higher than its 50-day moving average of $19.03 and higher than its 200-day moving average of $19.71.
Yearly Top and Bottom Value
ConnectOne Bancorp’s stock is valued at $20.10 at 20:23 EST, way below its 52-week high of $24.44 and way above its 52-week low of $13.15.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 14, 2024, the estimated forward annual dividend rate is 0.72 and the estimated forward annual dividend yield is 3.64%.
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%.
