(VIANEWS) - Targa Resources (TRGP), James Hardie Industries plc (JHX), Suburban Propane Partners, L.P. (SPH) are the highest payout ratio stocks on this list.
Here's the data we've collected of stocks with a high payout ratio at the moment. 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 distribute 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. Targa Resources (TRGP)
100% Payout Ratio
Targa Resources Corp. and Targa Resources Partners LP jointly own, operate, acquire, develop, and manage a range of North American midstream assets. The company operates in two areas: Gathering and Processing and Logistics and Transportation. It is involved in the following activities: gathering, compressing and treating, processing and transporting natural gas, as well as storing fractionating, treating and transporting natural gas liquids (NGL), and NGL products. The company also deals in NGL product resale and purchase, wholesale, transport, processing, selling, and trading. It also provides logistics services for multi-state retailers and independent retailers as well as other end-users. The company also offers NGL balancing and transport services to Gulf Coast refineries and other petrochemical firms. It also purchases, markets and resells natural gaz. The company operates around 28,400 miles worth of natural gas pipelines. It also owns and operates 42 processing plants. 34 storage wells have a combined storage capacity of about 76 million barrels. The company owned and leased approximately 648 railway cars, 119 transport trucks and two pressurized NGL barsges. Targa Resources Corporation was established in 2005. It is located in Houston, Texas.
Earnings Per Share
As for profitability, Targa Resources has a trailing twelve months EPS of $0.9.
PE Ratio
Targa Resources has a trailing twelve months price to earnings ratio of 67.04. Meaning, the purchaser of the share is investing $67.04 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 16.97%.2. James Hardie Industries plc (JHX)
61.95% Payout Ratio
James Hardie Industries plc and its affiliates manufacture and sell fiber cement siding. These products are primarily sold in the United States of America, Canada, Australia and New Zealand. The company operates in North America Fiber Cement and Asia Pacific Fiber Cement segments. It also offers Europe Building Products and Research and Development. It offers interior and exterior fiber cement linings and accessories, as well as fiber cement building materials. These include external siding, floor, ceiling, floors, trim, fencing and decking. The company also offers planks that can be used as external siding, flat panels for internal and exterior wall linings and floor underlays. It also has cement-bonded boards and fiber gypsum boards to use for interior purposes, including dry lining walls and walls in timber frames buildings. Its products can be found in a variety of markets, including new residential construction and manufactured housing. The company markets fiber cement products under several brands such as HardiePlank and HardieTrim; Hardieflex and HardieFire; HardieSmart Boundary; Hardieflex and HardieEdge; HardieFire and HardieFire; Hardieflex and HardieEdge; HardieFire and HardieFire; Hardieflex and HardieEdges; Stria and Stria; Fermacell; Fermacell; Fermacell; Fermacell and Fermacell and Fermacell; Ritek and Ritek; Ritek and Ritek; Ritek and Ritek; Ritek and Ritek; and Fermacell and Fermacell and Fermacell and Fermacell and Fermacell and Fermacell and Fermatech, Ritek and Ritek; and Fermacell and Fermacell and Fermacell and Scyon and Ritek and Fermacell and Fermacell and Fermacell It was established in Dublin, Ireland in 1888.
Earnings Per Share
As for profitability, James Hardie Industries plc has a trailing twelve months EPS of $1.13.
PE Ratio
James Hardie Industries plc has a trailing twelve months price to earnings ratio of 17.78. Meaning, the purchaser of the share is investing $17.78 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 39.83%.Revenue Growth
Year-on-year quarterly revenue growth grew by 18.7%, now sitting on 3.77B for the twelve trailing months.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on May 25, 2022, the estimated forward annual dividend rate is 0.7 and the estimated forward annual dividend yield is 3.56%.
3. Suburban Propane Partners, L.P. (SPH)
46.76% Payout Ratio
Suburban Propane Partners L.P. engages, via its subsidiaries, in retail marketing and distribution propane, fuel oil and other refined fuels. There are four main segments of the company: Propane and Fuel Oil and Refined Fuels; Natural Gas and Electricity; and All Other. Propane is responsible for the distribution of propane at retail to commercial, industrial and residential customers. It also distributes wholesale to industrial end-users. The segment offers propane for cooking and space heating as well as water heating and drying. It also supplies gas for industrial and other processes. Fuel Oil and Refined Fuels is a segment that distributes gasoline, diesel, fuel oil and kerosene to commercial and residential customers. This product can be used primarily for heating homes and buildings. Natural Gas and Electricity sells natural gas and electricity to commercial and residential customers within the New York and Pennsylvania deregulated energy markets. The All Other segment installs and sells a variety of home comfort products including space heaters, whole-house heating, humidifiers and air cleaners. The company had approximately 1.0million residential, commercial and industrial customers as of September 26, 2020. It has 700 locations across 41 states, primarily located in the west and east coasts of the United States. There are also portions of Alaska and the Midwest regions. Suburban Propane Partners L.P. serves as the general partner for Suburban Energy Services Group LLC. This company was established in 1945. It is located in Whippany in New Jersey.
Earnings Per Share
As for profitability, Suburban Propane Partners, L.P. has a trailing twelve months EPS of $2.78.
PE Ratio
Suburban Propane Partners, L.P. has a trailing twelve months price to earnings ratio of 5.41. Meaning, the purchaser of the share is investing $5.41 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 34.81%.4. Royal Bank Of Canada (RY)
39.86% Payout Ratio
Royal Bank of Canada is a global financial services company that offers diversified banking and investment options. Personal & Commercial Banking offers personal and commercial banking services, such as checking and saving accounts, home equity financing and private lending. The segment provides financial services via branches, automated banktellers, and a mobile sales network. The company's Wealth Management segment offers a range of strategies and advice to individuals and institutions with high net worth or ultra-high networth. Its Insurance segment provides life, health and home insurance, as well as travel and wealth insurance to individuals, businesses, and groups through RBC's advice centers and RBC insurance shops. The RBC also has mobile advisors, RBC mobile insurance stores and independent brokers. The Investor & Treasury Services segment offers asset servicing, custody and payments to investors. It also provides fund and investment administration services, including shareholder, private capital performance monitoring and compliance monitoring. Distribution, transaction banking and cash management are some of the services offered by this division. Capital Markets offers investment and corporate banking services as well as advisory, sales, trading, equity and debt origination services to corporations, institutions, asset managers and private equity firms. It was established in Toronto in Canada in 1864.
Earnings Per Share
As for profitability, Royal Bank Of Canada has a trailing twelve months EPS of $6.58.
PE Ratio
Royal Bank Of Canada has a trailing twelve months price to earnings ratio of 13.4. Meaning, the purchaser of the share is investing $13.4 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 16.77%.Revenue Growth
Year-on-year quarterly revenue growth declined by 1.3%, now sitting on 50.42B for the twelve trailing months.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Jul 24, 2022, the estimated forward annual dividend rate is 3.98 and the estimated forward annual dividend yield is 4.08%.
Yearly Top and Bottom Value
Royal Bank Of Canada's stock is valued at $88.12 at 08:27 EST, under its 52-week low of $89.18.
5. Deswell Industries (DSWL)
39.22% Payout Ratio
Deswell Industries, Inc. produces and sells plastic components and parts, as well as electronic products and subassemblies, metallic molds, and accessories for contract and original equipment producers. Plastic Injection Molding is and Electronic Products Assembling are its two main segments. It produces plastic parts and components used in manufacturing consumer and industrial goods. These include parts for electronics, such as flashlights, phones, printers and scanners. It also provides electronic products that consist of audio equipment, including digital and analogue mixing consoles, amplifiers, signal processors, audio interfaces, network audio equipment, and speaker enclosures; consumer audio products, such as multi-channel receivers-amplifiers, and wired and wireless audio streaming products; printed circuit board assemblies; and IoT products. It sells products in China, Hong Kong and the United States. Deswell Industries, Inc., was established in Macau in 1987.
Earnings Per Share
As for profitability, Deswell Industries has a trailing twelve months EPS of $0.51.
PE Ratio
Deswell Industries has a trailing twelve months price to earnings ratio of 6.19. Meaning, the purchaser of the share is investing $6.19 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 9.33%.Yearly Top and Bottom Value
Deswell Industries's stock is valued at $3.15 at 08:27 EST, way below its 52-week high of $5.20 and above its 52-week low of $3.00.
Volume
Today's last reported volume for Deswell Industries is 2021 which is 45.21% below its average volume of 3689.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jun 28, 2022, the estimated forward annual dividend rate is 0.2 and the estimated forward annual dividend yield is 6.35%.
6. Prudential Short Duration High Yield Fund (ISD)
37.5% Payout Ratio
Prudential Short Duration Yield Fund, Inc., is a closed-ended fixed income mutual fund that was launched by Prudential Investments LLC. Prudential Investment Management, Inc. co-manages the fund. The fund invests in fixed income markets across the United States. It invests mainly in a diversified portfolio high-yield fixed income instruments that have a rating below investment grade (Ba1 and lower by Moody's Investors Service, Inc., or BB+ and lower by Standard & Poor's Ratings Services). The fund aims to make investments in all maturities while trying to keep a portfolio average of less than three years. To make its investment decisions, the fund uses fundamental analysis. The fund does not invest or lend to municipal debt obligations. Prudential Short Duration, High Yield Fund, Inc., was established on April 30, 2012. It is based in the United States.
Yearly Top and Bottom Value
Prudential Short Duration High Yield Fund's stock is valued at $11.65 at 08:27 EST, way below its 52-week high of $16.62 and higher than its 52-week low of $11.49.