(VIANEWS) – Invesco Municipal Trust (VKQ), Voya Global Equity Dividend and Premium Opportunity Fund (IGD), Glacier Bancorp (GBCI) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio so far. 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 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. Invesco Municipal Trust (VKQ)
2300.5% Payout Ratio
Invesco Municipal Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. It primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. The fund employs fundamental analysis with bottom-up security selection approach to create its portfolio. It was formerly known as Invesco Van Kampen Municipal Trust. Invesco Municipal Trust was formed on September 27, 1991 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Municipal Trust has a trailing twelve months EPS of $0.02.
PE Ratio
Invesco Municipal Trust has a trailing twelve months price to earnings ratio of 481.5. Meaning, the purchaser of the share is investing $481.5 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 0.18%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 0.9%, now sitting on 44.07M for the twelve trailing months.
Moving Average
Invesco Municipal Trust’s worth is above its 50-day moving average of $9.47 and higher than its 200-day moving average of $9.17.
Volume
Today’s last reported volume for Invesco Municipal Trust is 174141 which is 52.81% above its average volume of 113952.
Yearly Top and Bottom Value
Invesco Municipal Trust’s stock is valued at $9.63 at 08:23 EST, below its 52-week high of $9.76 and way higher than its 52-week low of $7.94.
2. Voya Global Equity Dividend and Premium Opportunity Fund (IGD)
120% Payout Ratio
Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies having a market capitalization of $1 billion or more. The fund also invests through call options on selected indices, individual securities, and/or exchange traded funds. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. It was formerly known as ING Global Equity Dividend and Premium Opportunity Fund. Voya Global Equity Dividend and Premium Opportunity Fund was formed on March 28, 2005 and is domiciled in the United States.
Earnings Per Share
As for profitability, Voya Global Equity Dividend and Premium Opportunity Fund has a trailing twelve months EPS of $0.4.
PE Ratio
Voya Global Equity Dividend and Premium Opportunity Fund has a trailing twelve months price to earnings ratio of 12.93. Meaning, the purchaser of the share is investing $12.93 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 4.7%.
Moving Average
Voya Global Equity Dividend and Premium Opportunity Fund’s value is higher than its 50-day moving average of $5.15 and higher than its 200-day moving average of $5.02.
Yearly Top and Bottom Value
Voya Global Equity Dividend and Premium Opportunity Fund’s stock is valued at $5.17 at 08:23 EST, below its 52-week high of $5.34 and way above its 52-week low of $4.60.
3. Glacier Bancorp (GBCI)
75.43% Payout Ratio
Glacier Bancorp, Inc. operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. The company also provides construction and permanent loans on residential real estate; consumer land or lot acquisition loans; unimproved land and land development loans; and residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. In addition, it offers commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, or other assets; paycheck protection program loans; home equity loans consisting of junior lien mortgages, and first and junior lien lines of credit secured by owner-occupied 1-4 family residences; and agriculture loans. Further, the company provides mortgage origination and loan servicing services. It has 224 locations, including 188 branches and 36 loan or administration offices in 75 counties within 8 states comprising Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The company was founded in 1955 and is headquartered in Kalispell, Montana.
Earnings Per Share
As for profitability, Glacier Bancorp has a trailing twelve months EPS of $1.75.
PE Ratio
Glacier Bancorp has a trailing twelve months price to earnings ratio of 22.17. Meaning, the purchaser of the share is investing $22.17 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 6.44%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Apr 8, 2024, the estimated forward annual dividend rate is 1.32 and the estimated forward annual dividend yield is 3.38%.
Yearly Top and Bottom Value
Glacier Bancorp’s stock is valued at $38.80 at 08:23 EST, way under its 52-week high of $44.06 and way above its 52-week low of $26.84.
Revenue Growth
Year-on-year quarterly revenue growth declined by 10.4%, now sitting on 766.3M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 26% and a negative 8.5%, respectively.
4. Premier Financial Corp. (PFC)
40% Payout Ratio
Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, and consumer loans. In addition, it invests in the U.S. treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations, and corporate bonds. Further, the company offers property and casualty, life, and group health insurance agency services; mezzanine funding services; and online banking services, which include mobile banking, person-to-person payments, online bill pay, and online account opening, as well as the MoneyPass ATM network. It operates in Ohio, Michigan, Indiana, Pennsylvania, and West Virginia. The company was formerly known as First Defiance Financial Corp. and changed its name to Premier Financial Corp. in June 2020. Premier Financial Corp. was founded in 1920 and is headquartered in Defiance, Ohio.
Earnings Per Share
As for profitability, Premier Financial Corp. has a trailing twelve months EPS of $3.1.
PE Ratio
Premier Financial Corp. has a trailing twelve months price to earnings ratio of 6.52. Meaning, the purchaser of the share is investing $6.52 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 11.75%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 5.2%, now sitting on 299.37M for the twelve trailing months.
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).
