Portman Ridge Finance Corporation, Invesco Value Municipal Income Trust, Another 5 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Portman Ridge Finance Corporation (PTMN), Invesco Value Municipal Income Trust (IIM), Sinclair Broadcast Group (SBGI) have the highest dividend yield stocks on this list.

A little less 2K companies listed in the Nasdaq and NYSE pay out dividends to its shareholders. The dividend yield is a dividend to price ratio showing how much a company pays out in dividends each year.

1. Portman Ridge Finance Corporation (PTMN) – Dividend Yield: 15.13%

Portman Ridge Finance Corporation’s last close was $18.27, 12.33% under its 52-week high of $20.84. Intraday change was 0.11%.

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.

Earnings Per Share

As for profitability, Portman Ridge Finance Corporation has a trailing twelve months EPS of $1.32.

PE Ratio

Portman Ridge Finance Corporation 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 6.1%.

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2. Invesco Value Municipal Income Trust (IIM) – Dividend Yield: 7.29%

Invesco Value Municipal Income Trust’s last close was $12.70, 3.05% below its 52-week high of $13.10. Intraday change was 0.16%.

Invesco Value Municipal Income 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 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 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 previously known as Invesco Insured Municipal Income Trust. Invesco Value Municipal Income Trust was formed on February 26, 1993 and is domiciled in the United States.

Earnings Per Share

As for profitability, Invesco Value Municipal Income Trust has a trailing twelve months EPS of $0.99.

PE Ratio

Invesco Value Municipal Income Trust has a trailing twelve months price to earnings ratio of 12.83. Meaning, the purchaser of the share is investing $12.83 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 7.37%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 4.2%, now sitting on 44.6M for the twelve trailing months.

Moving Average

Invesco Value Municipal Income Trust’s value is under its 50-day moving average of $12.78 and higher than its 200-day moving average of $12.11.

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3. Sinclair Broadcast Group (SBGI) – Dividend Yield: 6.15%

Sinclair Broadcast Group’s last close was $16.26, 7.56% under its 52-week high of $17.59. Intraday change was -1.51%.

Sinclair Broadcast Group, Inc. operates as a media company in the United States. The company operates in two segments, Broadcast and Local Sports. The Broadcast segment broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and programming to television viewing audiences in the communities through its local television stations. As of December 31, 2021, the segment owned, operated, and provided services to 185 stations and 634 channels in 86 markets. The Local Sports segment operates regional sports networks. This segment broadcasts professional sports games and produce content. In addition, this segment owns regional sports network, which has the rights to air games of 45 professional sports teams and other sporting events. The company also owns and operates Tennis Channel, a cable network, which includes coverage of various tennis' top tournaments and original professional sports and tennis lifestyle shows; the Tennis Channel International streaming service; Tennis Magazine, the sport's print publication; and Tennis.com, an online tennis platform. Further, it owns and operates various networks carried on distribution platforms, including Comet, a science fiction network; CHARGE!, an adventure and action-based network; TBD, a multiscreen TV network; Stadium, a professional sports highlights and college games network; STIRR, an ad-supported DTC streaming app; and NewsON, an ad-supported app that provides access to live or on-demand local news broadcasts, including non-Sinclair affiliate partners. Additionally, the company provides technical services to the broadcast industry; and owns various non-media related investments, such as private equity, mezzanine financing, and real estate investments. Sinclair Broadcast Group, Inc. was founded in 1986 and is headquartered in Hunt Valley, Maryland.

Earnings Per Share

As for profitability, Sinclair Broadcast Group has a trailing twelve months EPS of $-5.29.

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 -74.45%.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Aug 30, 2024, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 6.15%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 7.9%, now sitting on 3.22B for the twelve trailing months.

Sales Growth

Sinclair Broadcast Group’s sales growth is 22% for the ongoing quarter and 24.9% for the next.

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is 225.7% and 140.2%, respectively.

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4. Compania Cervecerias Unidas, S.A. (CCU) – Dividend Yield: 3.54%

Compania Cervecerias Unidas, S.A.’s last close was $11.35, 17.39% below its 52-week high of $13.74. Intraday change was -2.2%.

Compañía Cervecerías Unidas S.A. operates as a beverage company principally in Chile, Argentina, Uruguay, Paraguay, Colombia, and Bolivia. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores. The company also produces and sells non-alcoholic beverages, including carbonated soft drinks, nectars and juices, sports and energy drinks, and ice tea, as well as mineral, purified, and flavored bottled water, as well as ready-to-mix products with instant powder drinks. In addition, it is involved in the production and distribution of pisco, cocktails, rum, flavored alcoholic beverages, wine, cider, and spirits. The company serves small and medium-sized retail outlets; retail establishments, such as restaurants, hotels, and bars; wholesalers; and supermarket chains. It also exports its products to Europe, Latin America, the United States, Canada, Asia, Oceania, and internationally. The company was founded in 1850 and is based in Santiago, Chile. Compañía Cervecerías Unidas S.A. is a subsidiary of Inversiones y Rentas S.A.

Earnings Per Share

As for profitability, Compania Cervecerias Unidas, S.A. has a trailing twelve months EPS of $0.63.

PE Ratio

Compania Cervecerias Unidas, S.A. has a trailing twelve months price to earnings ratio of 17.62. Meaning, the purchaser of the share is investing $17.62 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 8.34%.

More news about Compania Cervecerias Unidas, S.A..

5. Old National Bancorp (ONB) – Dividend Yield: 3.09%

Old National Bancorp’s last close was $18.13, 11.26% below its 52-week high of $20.43. Intraday change was -0.87%.

Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, letters of credit, and lease financing. The company also provides debit and automated teller machine cards, telephone access, online banking, and other electronic and mobile banking services; cash management, private banking, brokerage, trust, investment advisory, and other traditional banking services; wealth management, investment, and foreign currency services; and treasury management, merchant, health savings, and capital markets services, as well as community development lending and equity investment solutions. As of December 31, 2021, it operated a total of 162 banking centers located primarily in the states of Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. Old National Bancorp was founded in 1834 and is headquartered in Evansville, Indiana.

Earnings Per Share

As for profitability, Old National Bancorp has a trailing twelve months EPS of $1.7.

PE Ratio

Old National Bancorp has a trailing twelve months price to earnings ratio of 10.66. Meaning, the purchaser of the share is investing $10.66 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 9.18%.

Moving Average

Old National Bancorp’s worth is below its 50-day moving average of $18.73 and above its 200-day moving average of $17.32.

Yearly Top and Bottom Value

Old National Bancorp’s stock is valued at $18.13 at 03:15 EST, way below its 52-week high of $20.43 and way higher than its 52-week low of $12.36.

Revenue Growth

Year-on-year quarterly revenue growth declined by 2.1%, now sitting on 1.73B for the twelve trailing months.

Growth Estimates Quarters

The company’s growth estimates for the present quarter is a negative 9.8% and positive 4.3% for the next.

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6. Ericsson (ERIC) – Dividend Yield: 3.06%

Ericsson’s last close was $8.46, 1.86% below its 52-week high of $8.62. Intraday change was -2.88%.

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.

Earnings Per Share

As for profitability, Ericsson has a trailing twelve months EPS of $-0.75.

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 -1.15%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 4.2%, now sitting on 246.85B for the twelve trailing months.

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7. Juniper Networks (JNPR) – Dividend Yield: 2.24%

Juniper Networks’s last close was $39.21, 1.46% under its 52-week high of $39.79. Intraday change was -0.03%.

Juniper Networks, Inc. designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers. It also provides switching products, including EX series Ethernet switches to address the access, aggregation, and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine, and top-of-rack data center switches; and mist access points, which provide wireless access and performance. In addition, the company offers security products comprising SRX series services gateways for the data center; Branch SRX family provides an integrated firewall and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP. Further, it offers Junos OS, a network operating system; Contrail networking and cloud platform, which provides an open-source and standards-based platform for SDN and NFV; Contrail Insights, an optimization and management software platform for public, private, and hybrid clouds; and Marvis Actions and AI-driven Virtual Network Assistant, which identifies the root cause of issues across the information technology, domains and automatically resolves issues. Additionally, the company provides technical support, maintenance, and professional services, as well as education and training programs. It sells its products through direct sales, distributors, value-added resellers, and original equipment manufacturer partners to end-users in the cloud, service provider, and enterprise markets. The company was founded in 1996 and is headquartered in Sunnyvale, California.

Earnings Per Share

As for profitability, Juniper Networks has a trailing twelve months EPS of $0.71.

PE Ratio

Juniper Networks has a trailing twelve months price to earnings ratio of 55.23. Meaning, the purchaser of the share is investing $55.23 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 5.28%.

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