(VIANEWS) – RE/MAX Holdings (RMAX), PIMCO New York Municipal Income Fund III (PYN), Forward Air Corporation (FWRD) are the highest payout ratio stocks on this list.
Here’s the data we’ve collected of stocks with a high payout ratio up until 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 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. RE/MAX Holdings (RMAX)
9200% Payout Ratio
RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand. It also provides kvCORE platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; and RE/MAX University platform, a learning hub designed to help each agent in their professional expertise. The company was founded in 1973 and is headquartered in Denver, Colorado.
Earnings Per Share
As for profitability, RE/MAX Holdings has a trailing twelve months EPS of $-3.86.
2. PIMCO New York Municipal Income Fund III (PYN)
60.73% Payout Ratio
PIMCO New York Municipal Income Fund III is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Co LLC. It invests in fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in a portfolio of New York municipal bonds, and other municipal bonds and notes; New York variable rate notes and other variable rate notes; New York variable rate demand notes and other variable rate demand notes; U.S. treasury bills; and call options written and put options written. PIMCO New York Municipal Income Fund III was on October 31, 2002 and is domiciled in United States.
Earnings Per Share
As for profitability, PIMCO New York Municipal Income Fund III has a trailing twelve months EPS of $0.49.
PE Ratio
PIMCO New York Municipal Income Fund III has a trailing twelve months price to earnings ratio of 12.27. Meaning, the purchaser of the share is investing $12.27 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 8.02%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Aug 12, 2024, the estimated forward annual dividend rate is 0.3 and the estimated forward annual dividend yield is 4.95%.
3. Forward Air Corporation (FWRD)
58.54% Payout Ratio
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
Earnings Per Share
As for profitability, Forward Air Corporation has a trailing twelve months EPS of $-27.83.
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 -204.95%.
4. United Bankshares (UBSI)
55.47% Payout Ratio
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, credit card, commercial, and floor plan loans; and credit card and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. As of January 28, 2021, the company operated 230 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and Washington, D.C. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
Earnings Per Share
As for profitability, United Bankshares has a trailing twelve months EPS of $2.65.
PE Ratio
United Bankshares has a trailing twelve months price to earnings ratio of 14.44. Meaning, the purchaser of the share is investing $14.44 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 7.56%.
5. Invesco Trust for Investment Grade New York Municipals (VTN)
47.56% Payout Ratio
Invesco Trust for Investment Grade New York Municipals 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 Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade New York municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade New York Municipals. Invesco Trust for Investment Grade New York Municipals was formed on March 27, 1992 and is domiciled in the United States.
Earnings Per Share
As for profitability, Invesco Trust for Investment Grade New York Municipals has a trailing twelve months EPS of $0.85.
PE Ratio
Invesco Trust for Investment Grade New York Municipals has a trailing twelve months price to earnings ratio of 13.33. Meaning, the purchaser of the share is investing $13.33 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 7.08%.
6. First Community Corporation (FCCO)
39.44% Payout Ratio
First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments. Its deposit products include checking, NOW, savings, and individual retirement accounts; and demand deposits, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposit. The company's loan portfolio comprises commercial loans that include secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans. It also provides online banking, internet banking, cash management, safe deposit boxes, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, the company offers non-deposit investment products and other investment brokerage services; VISA and MasterCard credit card services; investment advisory services; and insurance services. The company was incorporated in 1994 and is headquartered in Lexington, South Carolina.
Earnings Per Share
As for profitability, First Community Corporation has a trailing twelve months EPS of $1.42.
PE Ratio
First Community Corporation has a trailing twelve months price to earnings ratio of 15.35. Meaning, the purchaser of the share is investing $15.35 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 8.39%.
Previous days news about First Community Corporation (FCCO)
- According to Zacks on Wednesday, 4 September, "A couple of other top-ranked banking stocks are First Community Corporation (FCCO Quick QuoteFCCO – Free Report) and First Reliance Bancshares, Inc. (FSRL Quick QuoteFSRL – Free Report) , each sporting a Zacks Rank #1. "
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%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
1’s EBITDA is 1.
