(VIANEWS) - Nuveen New York Municipal Value Fund (NNY), Lear Corporation (LEA), Cass Information Systems (CASS) 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 guarantee 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. Nuveen New York Municipal Value Fund (NNY)
1417.5% Payout Ratio
Nuveen New York Municipal Value Fund, Inc., a closed-ended mutual fund that provides fixed income, was launched by Nuveen Investments, Inc. Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC co-manage the fund. The fund invests in New York's fixed income markets. It invests in exempt tax municipal bonds with ratings of at least Baa/BBB. To create its portfolio, it uses fundamental analysis and bottom-up stock selection. It benchmarks its portfolio's performance against Standard & Poor’s New York Municipal Bond Index, and Standard & Poor’s National Municipal Bond Index. Nuveen New York Municipal Value Fund, Inc., was established on October 7, 1987. It is based in the United States.
Earnings Per Share
As for profitability, Nuveen New York Municipal Value Fund has a trailing twelve months EPS of $0.02.
PE Ratio
Nuveen New York Municipal Value Fund has a trailing twelve months price to earnings ratio of 408. Meaning, the purchaser of the share is investing $408 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 negative -0.06%.Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Sep 13, 2022, the estimated forward annual dividend rate is 0.29 and the estimated forward annual dividend yield is 3.6%.
Yearly Top and Bottom Value
Nuveen New York Municipal Value Fund's stock is valued at $8.16 at 14:23 EST, way below its 52-week high of $10.20 and above its 52-week low of $7.95.
2. Lear Corporation (LEA)
147.89% Payout Ratio
Lear Corporation develops and manufactures automotive seating and other electrical distribution systems for original equipment producers in North America and Europe. The company's Seating segment includes leather and fabric products as well as seat covers, recliner mechanism, seat tracks, foams, structures and mechanisms and headrests. It also offers light trucks and compact cars. E-Systems is the company's electrical distribution segment. It routes electrical signals and manages electrical power in vehicles for different powertrains such as hybrid, plug-in hybrid and traditional internal combustion engines. These products include wire harnesses as well as terminals and connectors. They also offer electronic control modules such body control modules and smart junction boxes. Gateway modules and wireless transmitter technology are available. There is also lighting control modules and audio domain controllers. Amplifiers and modules for communication. The company also offers electrification products that consist of charging systems including onboard charging units and cord set charging devices; battery electronics which include battery disconnect units and cell monitoring supervisory system, integrated total batteries control modules; as well as other power management modules such converters and inverter modules. This segment also offers cybersecurity software, advanced vehicle positioning, which allows for autonomous and automated driving; roadside modules, which communicate real-time information to the traffic control system; and cellular protocols that allow vehicle connectivity. It was established in 1917. The headquarters are in Southfield in Michigan.
Earnings Per Share
As for profitability, Lear Corporation has a trailing twelve months EPS of $1.9.
PE Ratio
Lear Corporation has a trailing twelve months price to earnings ratio of 67.16. Meaning, the purchaser of the share is investing $67.16 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 4.09%.3. Cass Information Systems (CASS)
49.33% Payout Ratio
Cass Information Systems, Inc. offers payment processing and information services to American manufacturing, retail, distribution, or wholesale businesses. The company operates in two parts: Information Services and Banking Services. It offers services such as freight invoice rating and payment processing. The company also pays invoices related to facility expenses, including electricity, gas and waste. It offers telecommunications expense management services. Cass Commercial Bank is the bank subsidiary. The company offers a variety of services including checking, saving, time, and industrial deposit accounts, commercial, industrial and real-estate loans, cash management and cash management to private-owned companies and faith-related ministries. It also offers a B2B platform to clients who require a flexible fintech partner. The company operates out of its bank facility in downtown St. Louis. It also has an operating branch in Bridgeton. Additional leased facilities are located in Fenton and Colorado Springs. Cass Commercial Corporation was the company's name before it changed to Cass Information Systems, Inc., in January 2001. Cass Information Systems, Inc. is located in St. Louis, Missouri.
Earnings Per Share
As for profitability, Cass Information Systems has a trailing twelve months EPS of $2.25.
PE Ratio
Cass Information Systems has a trailing twelve months price to earnings ratio of 15.76. Meaning, the purchaser of the share is investing $15.76 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 13.43%.Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Aug 31, 2022, the estimated forward annual dividend rate is 1.12 and the estimated forward annual dividend yield is 3.16%.
4. Hanesbrands (HBI)
46.88% Payout Ratio
Hanesbrands Inc. is a US-based consumer goods company that designs, produces, sources and sells basic clothing for children, men and women. It operates in three distinct segments, including Activewear, Innerwear and International. The company sells women's and men's pants, underwear for children, activewear, socks and hosiery. It licenses the Champion brand name for shoes and accessories. Hanesbrands Inc. sells its products primarily under Hanes, Champion and JMS/Just My Size, Polo Ralph Lauren. Playtex, DKNY. Donna Karan. Alternative, Gear for Sports. Hanes Beefy T, Bonds. Sheridan. Bras N Things/Nur Der. Lovable. Wonderbra. Berlei. Berlei. Abanderado. Shock Absorber. Zorba. Explorer. Sol y Oro. It sells its products via wholesalers and retailers as well as direct to customers through the internet. It had 243 direct and retail outlet stores within the United States, the Commonwealth of Puerto Rico and 690 outlets and retail stores around the world as of December 29 2018. It also exports products to Brazil, Australia, Latin America and Asia. Hanesbrands Inc. was established in 1901. It is located in Winston-Salem in North Carolina.
Earnings Per Share
As for profitability, Hanesbrands has a trailing twelve months EPS of $1.28.
PE Ratio
Hanesbrands has a trailing twelve months price to earnings ratio of 6.09. Meaning, the purchaser of the share is investing $6.09 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 70.86%.Sales Growth
Hanesbrands's sales growth for the next quarter is negative 6%.
5. Ashland (ASH)
46.25% Payout Ratio
Ashland Global Holdings Inc. supplies specialty and additive ingredients around the world. The company operates in three segments: Life Sciences, Personal Care & Household, Specialty Additives and Intermediates and Solvents. Life Sciences offers pharmaceutical solutions including disintegrants and thickeners for tablet coatings and tablets, thickeners and solubilizers for tablet bindings and thickeners. Nutrition solutions include thickeners and stabilizers as well as nutraceutical products that can be used to manage weight, joints, digestive health, stomach and intestinal function, sport nutrition and overall wellness. Personal Care & Household offers a variety of biodegradable and performance ingredients. These include solutions for dentures cleaning and toothpaste, as well as household supplies that contain nature-derived rheology components, surface wetting agents and performance encapsulates. Specialty Additives offers advanced ceramics that are used in catalytic converters and environmental filters. It also includes rheology modifiers and foam control agents as well as surfactants, wetting agents and wetting agents. Intermediates and Solvents produces 1,4 Butanediol and its derivatives including n-methylpyrrolidone. Ashland Global Holdings Inc. sells its products in many markets including industrial and consumer markets such as architecture, building, energy, food, beverage, nutraceuticals and personal care. The original name of the company was Ashland Inc., but it changed its name in September 2016 to Ashland Global Holdings Inc. Ashland Global Holdings Inc. is located in Wilmington, Delaware.
Earnings Per Share
As for profitability, Ashland has a trailing twelve months EPS of $2.67.
PE Ratio
Ashland has a trailing twelve months price to earnings ratio of 35.67. Meaning, the purchaser of the share is investing $35.67 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 4.79%.Moving Average
Ashland's value is under its 50-day moving average of $100.54 and below its 200-day moving average of $99.94.Growth Estimates Quarters
The company's growth estimates for the ongoing quarter and the next is 14.8% and 21.6%, respectively.Revenue Growth
Year-on-year quarterly revenue growth grew by 18.6%, now sitting on 2.35B for the twelve trailing months.
Volume
Today's last reported volume for Ashland is 270565 which is 34.32% below its average volume of 411993.
6. Bank of Marin Bancorp (BMRC)
42.11% Payout Ratio
Bank of Marin Bancorp is the holding company of Bank of Marin. It provides financial services to professionals, small- and medium-sized businesses, individuals and non-profits in San Francisco Bay Area. It offers savings and checking accounts for individuals and businesses, time certificates of deposits, individual retirement accounts and health savings accounts. The demand deposit market accounts are also offered. Certificate of deposit accounts registry, insured cash sweeps services, and certificate of deposit accounts registry are some of the other offerings. The company also offers commercial, industrial and consumer loans as well as home equity and construction financing. The company also offers credit cards, merchant, payroll, and cash management, image lockbox and wire transfer services. It can also provide fraud detection tools and valet pickup service for non-cash deposit. It also offers wealth management services that include trust management, trust administration and estate settlement. The company had 21 branches in retail, five commercial banks offices and two loan production offices. These offices were located throughout 7 Bay Area counties. Bank of Marin Bancorp, headquartered in Novato in California was established in 1989.
Earnings Per Share
As for profitability, Bank of Marin Bancorp has a trailing twelve months EPS of $2.33.
PE Ratio
Bank of Marin Bancorp has a trailing twelve months price to earnings ratio of 13.16. Meaning, the purchaser of the share is investing $13.16 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 9.63%.Sales Growth
Bank of Marin Bancorp's sales growth is 21.1% for the present quarter and 5.9% for the next.
Volume
Today's last reported volume for Bank of Marin Bancorp is 55539 which is 42.21% above its average volume of 39054.
Revenue Growth
Year-on-year quarterly revenue growth grew by 20.8%, now sitting on 128.45M for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Aug 3, 2022, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 3.34%.