(VIANEWS) - ProAssurance Corporation (PRA), Hormel Foods (HRL), Middlesex Water Company (MSEX) are the highest payout ratio stocks on this list.
Here's the data we've collected of stocks with a high payout ratio up to now. The payout ratio in itself isn't a promise 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. ProAssurance Corporation (PRA)
62.5% Payout Ratio
ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through five segments: Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate. It offers professional liability insurance for healthcare professionals and facilities; professional liability insurance for attorneys; liability insurance for medical technology and life sciences risks; and workers' compensation insurance, such as guaranteed cost policies, policyholder dividend policies, retrospectively rated policies, and deductible policies, as well as alternative market solutions that include program design, fronting, claims administration, risk management, SPC rental, asset management, and SPC management services for employers, groups, and associations. The company also participates in Lloyd's of London Syndicate 1729, which underwrites property and casualty insurance, and reinsurance; and Syndicate 6131 that underwrites contingency and specialty property insurance. ProAssurance Corporation markets its products through independent agencies and brokers, as well as an internal sales force. The company was founded in 1976 and is headquartered in Birmingham, Alabama.
Earnings per Share
ProAssurance Corporation's trailing twelve-month EPS is $0.32.
PE Ratio
ProAssurance Corporation's trailing 12-month price-earnings ratio is 58.91. The purchaser of shares is investing $58.91 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is an indicator of the business' profitability relative to shareholders' equity, was 1.43%.2. Hormel Foods (HRL)
56.32% Payout Ratio
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
Earnings Per Share
As for profitability, Hormel Foods has a trailing twelve months EPS of $1.62.
PE Ratio
Hormel Foods has a trailing twelve months price to earnings ratio of 28.2. Meaning, the purchaser of the share is investing $28.2 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 14.15%.Dividend Yield
Morningstar, Inc. has stated that the next dividend payment will be on October 13, 2022. The forward dividend rate and forward dividend yield are 1.04 and 2.27%, respectively.
Sales Growth
Hormel Foods's sales growth for the current quarter is negative 2.2%.
3. Middlesex Water Company (MSEX)
48.33% Payout Ratio
Middlesex Water Company operates and owns regulated water utilities and wastewater treatment plants. The company operates in Regulated as well as Non-Regulated segments. The Regulated segment treats and distributes water to retail customers and wholesale customers on a wholesale and retail basis in New Jersey, Delaware and Pennsylvania. The segment includes New Jersey's regulated wastewater system and Delaware's. Non-Regulated provides contract services that are not regulated for operation and maintenance municipal, private and wastewater systems in New Jersey or Delaware. Company was founded in 1896. It is located in Iselin in New Jersey.
Earnings per Share
Middlesex Water Company's trailing 12 months profit per share is $2.4.
PE Ratio
The trailing 12-month price-earnings ratio for Middlesex Water Company is 36.24. The purchaser of the shares is therefore investing $36.24 per dollar in annual earnings.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 11.12%.4. Chevron (CVX)
36.82% Payout Ratio
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Earnings per Share
Chevron's trailing 12 months profit per share is $-4.12.
For the 12 trailing months, the company's return-on-equity, which is a measure of the profitability and shareholder equity for a business, was 20.24%.Yearly Top and Bottom Value
Chevron's stock is valued at $170.01 at 13:23 EST, way below its 52-week high of $189.68 and way higher than its 52-week low of $110.73.
Moving Average
Chevron's value is below its 50-day moving average of $174.02 and higher than its 200-day moving average of $163.02.Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Aug 17, 2022, the estimated forward annual dividend rate is 5.68 and the estimated forward annual dividend yield is 3.25%.