(VIANEWS) – MFS Government Markets Income Trust (MGF), MFS Charter Income Trust (MCR), Johnson Controls (JCI) 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 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. MFS Government Markets Income Trust (MGF)
1243.35% Payout Ratio
MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S. government agencies, international sovereigns, U.S. treasuries, cash and other net assets, emerging markets debt, high grade corporates, and residential mortgage backed securities. It benchmarks the performance of its portfolio against the Barclays U.S. Government/Mortgage Bond Index. MFS Government Markets Income Trust was formed in May 28, 1987 and is domiciled in the United States.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 0.32%.
Volume
Today’s last reported volume for MFS Government Markets Income Trust is 37072 which is 65.52% below its average volume of 107536.
Revenue Growth
Year-on-year quarterly revenue growth grew by 6.9%, now sitting on 4.34M for the twelve trailing months.
Yearly Top and Bottom Value
MFS Government Markets Income Trust’s stock is valued at $3.20 at 14:23 EST, below its 52-week high of $3.26 and higher than its 52-week low of $2.91.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 13, 2024, the estimated forward annual dividend rate is 0.24 and the estimated forward annual dividend yield is 7.47%.
2. MFS Charter Income Trust (MCR)
99.92% Payout Ratio
MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S. or foreign issuers, or debt instruments of issuers located in emerging market countries. The fund employs a combination of fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmarks the performance of its portfolio against a combination of the Barclays U.S. High-Yield Corporate Bond 2% Issuer Capped Index, MFS Charter Income Trust Blended Index, Barclays U.S. Credit Bond Index, Barclays U.S. Government/Mortgage Bond Index, Citigroup World Government Bond Non-Dollar Hedged Index, and JPMorgan Emerging Markets Bond Index Global. MFS Charter Income Trust was formed on July 20, 1989 and is domiciled in the United States.
Earnings Per Share
As for profitability, MFS Charter Income Trust has a trailing twelve months EPS of $0.54.
PE Ratio
MFS Charter Income Trust has a trailing twelve months price to earnings ratio of 11.85. Meaning, the purchaser of the share is investing $11.85 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 7.85%.
Yearly Top and Bottom Value
MFS Charter Income Trust’s stock is valued at $6.40 at 14:23 EST, below its 52-week high of $6.70 and way higher than its 52-week low of $5.63.
3. Johnson Controls (JCI)
62.18% Payout Ratio
Earnings Per Share
As for profitability, Johnson Controls has a trailing twelve months EPS of $2.69.
PE Ratio
Johnson Controls has a trailing twelve months price to earnings ratio of 24.27. Meaning, the purchaser of the share is investing $24.27 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 10.42%.
Volume
Today’s last reported volume for Johnson Controls is 4625460 which is 20.17% below its average volume of 5794470.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Jun 24, 2024, the estimated forward annual dividend rate is 1.48 and the estimated forward annual dividend yield is 2.18%.
Moving Average
Johnson Controls’s worth is below its 50-day moving average of $68.92 and above its 200-day moving average of $63.16.
Yearly Top and Bottom Value
Johnson Controls’s stock is valued at $65.29 at 14:23 EST, way under its 52-week high of $75.36 and way above its 52-week low of $47.90.
4. Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest (NXJ)
43.74% Payout Ratio
Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) New Jersey Municipal Bond Index. The fund was formerly known as Nuveen New Jersey Dividend Advantage Municipal Fund. Nuveen New Jersey Quality Municipal Income Fund was formed on June 1, 1999 and is domiciled in the United States.
Earnings Per Share
As for profitability, Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months EPS of $0.91.
PE Ratio
Nuveen New Jersey Dividend Advantage Municipal Fund Share of Beneficial Interest has a trailing twelve months price to earnings ratio of 13.84. Meaning, the purchaser of the share is investing $13.84 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%.
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%.
