(VIANEWS) – AllianzGI Convertible & Income Fund II (NCZ), New Mountain Finance Corporation (NMFC), Industrial Logistics Properties Trust (ILPT) 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 guarantee 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 researching 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. AllianzGI Convertible & Income Fund II (NCZ)
360% Payout Ratio
Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities across a broad range of maturities, with the weighted average maturity ranging between five to ten years. The fund typically employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in-house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund II. Virtus Convertible & Income Fund II was formed on July 31, 2003 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianzGI Convertible & Income Fund II has a trailing twelve months EPS of $0.1.
PE Ratio
AllianzGI Convertible & Income Fund II has a trailing twelve months price to earnings ratio of 28.6. Meaning, the purchaser of the share is investing $28.6 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 1.99%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.1%, now sitting on 18.27M for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jun 13, 2024, the estimated forward annual dividend rate is 0.36 and the estimated forward annual dividend yield is 12.59%.
Moving Average
AllianzGI Convertible & Income Fund II’s worth is under its 50-day moving average of $2.87 and above its 200-day moving average of $2.85.
Volume
Today’s last reported volume for AllianzGI Convertible & Income Fund II is 143714 which is 62.78% below its average volume of 386188.
2. New Mountain Finance Corporation (NMFC)
130% Payout Ratio
New Mountain Finance Corporation (Nasdaq: NMFC), a business development company is a private equity / buyouts and loan fund specializes in directly investing and lending to middle market companies in “defensive growth” industries. The fund prefers investing in buyout and middle market companies. It also makes investments in debt securities at all levels of the capital structure including first and second lien debt, unsecured notes, and mezzanine securities. In some cases, its investments may also include equity interests. It targets energy, engineering and consulting services, specialty chemicals and materials, trading companies and distributors, commercial printing, diversified support services, education services, environmental and facilities services, office services and supplies, media, distributors, health care services, health care facilities, application software, business services, systems software, federal services, distribution and logistics, interactive home entertainment, telecommunication services, hydroelectric power generation, electric power generation by fossil fuels, electric power generation by nuclear fuels, health care technology, and security and alarm services. The fund seeks to invest in United States of America. It seeks to invest between $10 million and $125 million per transaction. The firm invests through both primary originations and open-market secondary purchases. It invests in companies with EBITDA between $10 million and $200 million. The fund seeks a majority stake in its portfolio companies.
Earnings Per Share
As for profitability, New Mountain Finance Corporation has a trailing twelve months EPS of $1.1.
PE Ratio
New Mountain Finance Corporation has a trailing twelve months price to earnings ratio of 11.47. Meaning, the purchaser of the share is investing $11.47 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 8.82%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 14, 2024, the estimated forward annual dividend rate is 1.36 and the estimated forward annual dividend yield is 10.78%.
Sales Growth
New Mountain Finance Corporation’s sales growth for the next quarter is 7.5%.
3. Industrial Logistics Properties Trust (ILPT)
92.31% Payout Ratio
ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
Earnings Per Share
As for profitability, Industrial Logistics Properties Trust has a trailing twelve months EPS of $-1.63.
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 -12.3%.
Moving Average
Industrial Logistics Properties Trust’s value is under its 50-day moving average of $3.96 and higher than its 200-day moving average of $3.71.
4. Air Products and Chemicals (APD)
63.47% Payout Ratio
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
Earnings Per Share
As for profitability, Air Products and Chemicals has a trailing twelve months EPS of $10.47.
PE Ratio
Air Products and Chemicals has a trailing twelve months price to earnings ratio of 22.11. Meaning, the purchaser of the share is investing $22.11 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 16.12%.
Yearly Top and Bottom Value
Air Products and Chemicals’s stock is valued at $231.53 at 08:23 EST, way under its 52-week high of $307.71 and higher than its 52-week low of $212.24.
5. Novo Nordisk A/S (NVO)
47.42% Payout Ratio
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides insulin pens, growth hormone pens, and injection needles. In addition, it offers smart solutions for diabetes treatment, such as smart insulin pens and Dose Check, an insulin dose guidance application. The company has a collaboration agreement with Aspen Pharmaceuticals to produce insulin products. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
Earnings Per Share
As for profitability, Novo Nordisk A/S has a trailing twelve months EPS of $2.71.
PE Ratio
Novo Nordisk A/S has a trailing twelve months price to earnings ratio of 45.94. Meaning, the purchaser of the share is investing $45.94 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 99.87%.
Volume
Today’s last reported volume for Novo Nordisk A/S is 3100960 which is 39.22% below its average volume of 5102610.
Yearly Top and Bottom Value
Novo Nordisk A/S’s stock is valued at $124.51 at 08:23 EST, below its 52-week high of $138.28 and way higher than its 52-week low of $75.56.
Revenue Growth
Year-on-year quarterly revenue growth grew by 22.5%, now sitting on 244.24B for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 22, 2024, the estimated forward annual dividend rate is 1.37 and the estimated forward annual dividend yield is 1.01%.
Previous days news about Novo Nordisk A/S (NVO)
- According to Zacks on Thursday, 23 May, "Most of the fund’s holdings were in Eli Lilly and Co (24.2%), Novo Nordisk A/S (14.4%) and AstraZeneca PLC (8.2%) as of Feb 29, 2024.", "Most of the fund’s holdings were in UnitedHealth Group (6.5%), Eli Lilly and Co (5.1%) and Novo Nordisk A/S (4.2%) as of Dec 31, 2022."
- According to Zacks on Thursday, 23 May, "Stocks recently featured in the blog include: Novo Nordisk A/S (NVO Quick QuoteNVO – Free Report) , Qualcomm Inc. (QCOM Quick QuoteQCOM – Free Report) , Caterpillar Inc. (CAT Quick QuoteCAT – Free Report) CSP Inc. (CSPI Quick QuoteCSPI – Free Report) and Epsilon Energy Ltd. "
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%.
