(VIANEWS) – Gladstone Land Corporation (LAND), Saratoga Investment Corp New (SAR), Hillenbrand (HI) are the highest payout ratio stocks on this list.
We have gathered information about stocks with the highest payout ratio as yet. The payout ratio in itself isn’t a promise of 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 are a few stocks with an above 30% percent payout ratio.
1. Gladstone Land Corporation (LAND)
1111.8% Payout Ratio
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
Earnings Per Share
As for profitability, Gladstone Land Corporation has a trailing twelve months EPS of $-0.19.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 2.45%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Sep 20, 2024, the estimated forward annual dividend rate is 0.56 and the estimated forward annual dividend yield is 4.13%.
Sales Growth
Gladstone Land Corporation’s sales growth for the next quarter is negative 11.1%.
2. Saratoga Investment Corp New (SAR)
236.36% Payout Ratio
Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. was formed on 2007 and is based in New York, New York with an additional office in Florham Park, New Jersey.
Earnings Per Share
As for profitability, Saratoga Investment Corp New has a trailing twelve months EPS of $1.21.
PE Ratio
Saratoga Investment Corp New has a trailing twelve months price to earnings ratio of 19.2. Meaning, the purchaser of the share is investing $19.2 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 4.47%.
Volume
Today’s last reported volume for Saratoga Investment Corp New is 52893 which is 10.29% below its average volume of 58964.
Revenue Growth
Year-on-year quarterly revenue growth grew by 11.7%, now sitting on 147.77M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 44.6% and 393.5%, respectively.
Yearly Top and Bottom Value
Saratoga Investment Corp New’s stock is valued at $23.23 at 02:23 EST, way below its 52-week high of $27.00 and higher than its 52-week low of $21.56.
3. Hillenbrand (HI)
75% Payout Ratio
Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally. It operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville. The Advanced Process Solutions segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems comprising compounding, extrusion, and material handling equipment, as well as offers equipment system design services; and provides screening and separating equipment for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals, energy, wastewater treatment, forest products, and other general industrials. The Molding Technology Solutions segment offers injection molding and extrusion equipment; hot runner systems; process control systems; and mold bases and components for various industries, including automotive, consumer goods, medical, packaging, construction, and electronics. The Batesville segment designs, manufactures, distributes, and sells funeral services products and solutions, such as burial caskets, cremation caskets, containers and urns, other personalization and memorialization products, and web-based technology applications. The company was founded in 1906 and is headquartered in Batesville, Indiana.
Earnings Per Share
As for profitability, Hillenbrand has a trailing twelve months EPS of $-2.96.
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 -12.77%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.8%, now sitting on 3.11B for the twelve trailing months.
4. Brookline Bancorp (BRKL)
62.79% Payout Ratio
Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans. It also provides term loans, letters of credit, foreign exchange, cash management, investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. As of December 31, 2021, the company operated 50 full-service banking offices in greater Boston, Massachusetts, and greater Providence, Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.
Earnings Per Share
As for profitability, Brookline Bancorp has a trailing twelve months EPS of $0.86.
PE Ratio
Brookline Bancorp has a trailing twelve months price to earnings ratio of 11.83. Meaning, the purchaser of the share is investing $11.83 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 6.49%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Aug 16, 2024, the estimated forward annual dividend rate is 0.54 and the estimated forward annual dividend yield is 5.31%.
Volume
Today’s last reported volume for Brookline Bancorp is 428080 which is 25.06% below its average volume of 571277.
Yearly Top and Bottom Value
Brookline Bancorp’s stock is valued at $10.17 at 02:23 EST, way under its 52-week high of $11.52 and way higher than its 52-week low of $7.93.
5. First Trust Enhanced Equity Income Fund (FFA)
36.69% Payout Ratio
First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors. It invests in stocks of companies across diversified market capitalizations. The fund also writes covered call options. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was formerly known as First Trust/Fiduciary Asset Management Covered Call Fund. First Trust Enhanced Equity Income Fund was formed on August 26, 2004 and is domiciled in the United States.
Earnings Per Share
As for profitability, First Trust Enhanced Equity Income Fund has a trailing twelve months EPS of $3.53.
PE Ratio
First Trust Enhanced Equity Income Fund has a trailing twelve months price to earnings ratio of 5.67. Meaning, the purchaser of the share is investing $5.67 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 18.71%.
Yearly Top and Bottom Value
First Trust Enhanced Equity Income Fund’s stock is valued at $20.01 at 02:23 EST, below its 52-week high of $20.44 and way higher than its 52-week low of $15.84.
6. Red Rock Resorts (RRR)
35.34% Payout Ratio
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was incorporated in 1976 and is based in Las Vegas, Nevada.
Earnings Per Share
As for profitability, Red Rock Resorts has a trailing twelve months EPS of $2.83.
PE Ratio
Red Rock Resorts has a trailing twelve months price to earnings ratio of 19.45. Meaning, the purchaser of the share is investing $19.45 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 187.95%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 16, 2024, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 1.82%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.9%, now sitting on 1.85B 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%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 1% and 1%, respectively.
Volatility
1’s last week, last month’s, and last quarter’s current intraday variation average was 1.00%, 1.00%, and 1.00%.
1’s highest amplitude of average volatility was 1.00% (last week), 1.00% (last month), and 1.00% (last quarter).
