(VIANEWS) – Invesco High Income Trust II (VLT), Frontline Ltd. Ordinary Shares (FRO), AllianceBernstein National Municipalome Fund (AFB) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio as yet. 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 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. Invesco High Income Trust II (VLT)
109.13% Payout Ratio
Invesco High Income Trust II 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 invests in the fixed income markets. The fund seeks to invest in securities rated between BB and C by Standard and Poor's. It seeks to maintain an average duration of around three to four years for its portfolio. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield 2% Issuer Cap Inde. It was formerly known as Invesco Van Kampen High Income Trust II. Invesco High Income Trust II was formed on April 28, 1989 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco High Income Trust II has a trailing twelve months EPS of $1.06.
PE Ratio
Invesco High Income Trust II has a trailing twelve months price to earnings ratio of 10.03. Meaning, the purchaser of the share is investing $10.03 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%.
Yearly Top and Bottom Value
Invesco High Income Trust II’s stock is valued at $10.63 at 20:23 EST, under its 52-week high of $10.87 and way above its 52-week low of $9.29.
Moving Average
Invesco High Income Trust II’s value is higher than its 50-day moving average of $10.58 and above its 200-day moving average of $10.33.
Volume
Today’s last reported volume for Invesco High Income Trust II is 45815 which is 159.75% above its average volume of 17638.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.7%, now sitting on 7.61M for the twelve trailing months.
2. Frontline Ltd. Ordinary Shares (FRO)
75.87% Payout Ratio
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Frontline Ltd. Ordinary Shares has a trailing twelve months EPS of $2.86.
PE Ratio
Frontline Ltd. Ordinary Shares has a trailing twelve months price to earnings ratio of 8.85. Meaning, the purchaser of the share is investing $8.85 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 27.74%.
3. AllianceBernstein National Municipalome Fund (AFB)
66.58% Payout Ratio
AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States. It primarily invests in investment-grade municipal securities which pay interest that is exempt from federal income tax. The fund seeks to invest in bonds rated Baa/BBB or higher. It employs both quantitative and fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. It was formerly known as Alliance National Municipal Income Fund Inc. AllianceBernstein National Municipal Income Fund was formed on November 9, 2001 and is domiciled in the United States.
Earnings Per Share
As for profitability, AllianceBernstein National Municipalome Fund has a trailing twelve months EPS of $-0.05.
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 -0.38%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 6, 2024, the estimated forward annual dividend rate is 0.39 and the estimated forward annual dividend yield is 3.53%.
Moving Average
AllianceBernstein National Municipalome Fund’s worth is higher than its 50-day moving average of $10.81 and above its 200-day moving average of $10.48.
Revenue Growth
Year-on-year quarterly revenue growth grew by 3.1%, now sitting on 24.69M for the twelve trailing months.
4. Nuveen California Select Tax (NXC)
66.25% 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 $0.8.
PE Ratio
Nuveen California Select Tax has a trailing twelve months price to earnings ratio of 16.31. Meaning, the purchaser of the share is investing $16.31 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 5.79%.
Moving Average
Nuveen California Select Tax’s value is below its 50-day moving average of $13.12 and higher than its 200-day moving average of $12.87.
Yearly Top and Bottom Value
Nuveen California Select Tax’s stock is valued at $13.05 at 20:23 EST, under its 52-week high of $13.80 and way higher than its 52-week low of $11.86.
Revenue Growth
Year-on-year quarterly revenue growth grew by 1.6%, now sitting on 3.7M for the twelve trailing months.
5. Nuveen California Dividend Advantage Municipal Fund (NAC)
61.69% Payout Ratio
Nuveen California Quality Municipal Income Fund 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, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen California Dividend Advantage Municipal Fund has a trailing twelve months EPS of $0.77.
PE Ratio
Nuveen California Dividend Advantage Municipal Fund has a trailing twelve months price to earnings ratio of 15.03. Meaning, the purchaser of the share is investing $15.03 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 6.07%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 2.2%, now sitting on 135.37M for the twelve trailing months.
Moving Average
Nuveen California Dividend Advantage Municipal Fund’s value is higher than its 50-day moving average of $11.16 and above its 200-day moving average of $10.71.
Yearly Top and Bottom Value
Nuveen California Dividend Advantage Municipal Fund’s stock is valued at $11.57 at 20:23 EST, below its 52-week high of $11.65 and way higher than its 52-week low of $9.32.
6. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB)
45.55% Payout Ratio
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
Earnings Per Share
As for profitability, Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a trailing twelve months EPS of $5.77.
PE Ratio
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a trailing twelve months price to earnings ratio of 12.65. Meaning, the purchaser of the share is investing $12.65 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 52.52%.
Volume
Today’s last reported volume for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. is 65765 which is 32.4% above its average volume of 49668.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 14.8% and a negative 17%, respectively.
Yearly Top and Bottom Value
Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s stock is valued at $73.00 at 20:23 EST, way under its 52-week high of $100.21 and way higher than its 52-week low of $50.23.
Sales Growth
Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s sales growth for the current quarter is 1.2%.
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%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 1% and 1%, respectively.
