Air T, Grindrod Shipping Holdings Ltd., Another 6 Companies Have A High Estimated Dividend Yield

(VIANEWS) – Air T (AIRTP), Grindrod Shipping Holdings Ltd. (GRIN), Liberty All (ASG) have the highest dividend yield stocks on this list.

Almost 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. Air T (AIRTP) – Dividend Yield: 10.58%

Air T’s last close was $18.90, 20.82% under its 52-week high of $23.87. Intraday change was -1%.

Air T, Inc., through its subsidiaries, provides overnight air cargo, ground equipment sale, and commercial jet engines and parts in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2024, this segment had 105 aircraft under the dry-lease agreements with FedEx. Its Ground Equipment Sales segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. The company's Commercial Jet Engines and Parts segment offers commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services; and aircraft instrumentation, avionics, and various electrical accessories for civilian, military transport, regional/commuter and business/commercial jet, and turboprop aircraft to airlines and commercial aircraft leasing companies. This segment also provides composite aircraft structures, and repair and support services, as well as aircraft service and maintenance services. Air T, Inc. was incorporated in 1980 and is based in Charlotte, North Carolina.

Earnings Per Share

As for profitability, Air T has a trailing twelve months EPS of $0.34.

PE Ratio

Air T has a trailing twelve months price to earnings ratio of 56.25. Meaning, the purchaser of the share is investing $56.25 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 -21.06%.

Moving Average

Air T’s value is higher than its 50-day moving average of $17.26 and higher than its 200-day moving average of $17.56.

Volume

Today’s last reported volume for Air T is 541 which is 57.46% below its average volume of 1272.

Dividend Yield

According to Morningstar, Inc., the next dividend payment is on Aug 13, 2024, the estimated forward annual dividend rate is 2 and the estimated forward annual dividend yield is 10.58%.

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2. Grindrod Shipping Holdings Ltd. (GRIN) – Dividend Yield: 10.02%

Grindrod Shipping Holdings Ltd.’s last close was $14.15, 5.03% under its 52-week high of $14.90. Intraday change was -0.07%.

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.

Earnings Per Share

As for profitability, Grindrod Shipping Holdings Ltd. has a trailing twelve months EPS of $-0.49.

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 -3.61%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 9.1%, now sitting on 387.1M for the twelve trailing months.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Oct 19, 2023, the estimated forward annual dividend rate is 1.37 and the estimated forward annual dividend yield is 10.02%.

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3. Liberty All (ASG) – Dividend Yield: 9.54%

Liberty All’s last close was $5.03, 11.6% below its 52-week high of $5.69. Intraday change was 2.58%.

Liberty All-Star Growth Fund, Inc. is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc. It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies across all market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the NASDAQ Composite Index, Russell 3000 Growth Index, and the S&P 500 Index. It conducts in-house research to make its investments. The fund was previously known as Charles Allmon Trust, Inc. Liberty All-Star Growth Fund, Inc. was formed on March 14, 1986 and is domiciled in the United States.

Earnings Per Share

As for profitability, Liberty All has a trailing twelve months EPS of $0.95.

PE Ratio

Liberty All has a trailing twelve months price to earnings ratio of 5.43. Meaning, the purchaser of the share is investing $5.43 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 17.53%.

Yearly Top and Bottom Value

Liberty All’s stock is valued at $5.16 at 20:15 EST, below its 52-week high of $5.69 and way higher than its 52-week low of $4.47.

Volume

Today’s last reported volume for Liberty All is 176339 which is 30.32% below its average volume of 253100.

Revenue Growth

Year-on-year quarterly revenue growth grew by 9.2%, now sitting on 2.02M for the twelve trailing months.

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4. GAMCO Natural Resources, Gold & Income Trust (GNT) – Dividend Yield: 7.35%

GAMCO Natural Resources, Gold & Income Trust’s last close was $5.46, 4.55% under its 52-week high of $5.72. Intraday change was 0.55%.

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities. It focuses on factors such as recent prices of comparable securities that are publicly traded, reliable prices of securities not publicly traded, the use of valuation models, current analyst reports, valuing the income or cash flow of the issuer, or cost if the preceding factors do not apply to create its portfolio. The fund invests in stocks of companies across market capitalization. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index, Philadelphia Gold & Silver Index, Dow Jones U.S. Basic Materials Index, and S&P Global Agribusiness Equity Index. The fund was formerly known as Gabelli Natural Resources, Gold & Income Trust. GAMCO Natural Resources, Gold & Income Trust was formed on January 27, 2011 and is domiciled in the United States.

Earnings Per Share

As for profitability, GAMCO Natural Resources, Gold & Income Trust has a trailing twelve months EPS of $0.56.

PE Ratio

GAMCO Natural Resources, Gold & Income Trust has a trailing twelve months price to earnings ratio of 9.8. Meaning, the purchaser of the share is investing $9.8 for every dollar of annual earnings.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GAMCO Natural Resources, Gold & Income Trust’s stock is considered to be oversold (<=20).

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5. Washington Trust Bancorp (WASH) – Dividend Yield: 7.08%

Washington Trust Bancorp’s last close was $32.25, 5.04% under its 52-week high of $33.96. Intraday change was 1.9%.

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

Earnings Per Share

As for profitability, Washington Trust Bancorp has a trailing twelve months EPS of $2.68.

PE Ratio

Washington Trust Bancorp has a trailing twelve months price to earnings ratio of 12.03. Meaning, the purchaser of the share is investing $12.03 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 9.86%.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is a negative 12.3% and a negative 25%, respectively.

Sales Growth

Washington Trust Bancorp’s sales growth is negative 6.1% for the present quarter and negative 2.6% for the next.

Moving Average

Washington Trust Bancorp’s worth is way higher than its 50-day moving average of $27.42 and way above its 200-day moving average of $27.16.

Yearly Top and Bottom Value

Washington Trust Bancorp’s stock is valued at $32.25 at 20:15 EST, below its 52-week high of $33.96 and way above its 52-week low of $21.69.

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6. West Bancorporation (WTBA) – Dividend Yield: 4.99%

West Bancorporation’s last close was $20.94, 6.48% below its 52-week high of $22.39. Intraday change was 4.39%.

West Bancorporation, Inc. operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit. The company also provides loan products comprising commercial real estate loans, construction and land development loans, commercial lines of credit, and commercial term loans; consumer loans, including loans extended to individuals for household, family, and other personal expenditures not secured by real estate; and 1-4 family residential mortgages and home equity loans. In addition, it offers online and mobile banking, treasury management services including cash management, client-generated automated clearing house transactions, remote deposit, and fraud protection services; merchant credit card processing and corporate credit cards; and administration of estates, conservatorships, personal trusts, and agency accounts. The company was founded in 1893 and is headquartered in West Des Moines, Iowa.

Earnings Per Share

As for profitability, West Bancorporation has a trailing twelve months EPS of $1.27.

PE Ratio

West Bancorporation has a trailing twelve months price to earnings ratio of 16.49. Meaning, the purchaser of the share is investing $16.49 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 9.72%.

Volume

Today’s last reported volume for West Bancorporation is 41760 which is 49.29% above its average volume of 27972.

Sales Growth

West Bancorporation’s sales growth is 11.8% for the current quarter and 11.6% for the next.

Dividend Yield

According to Morningstar, Inc., the next dividend payment is on Aug 7, 2024, the estimated forward annual dividend rate is 1 and the estimated forward annual dividend yield is 4.99%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 0.8%, now sitting on 76.33M for the twelve trailing months.

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7. Standard Motor Products (SMP) – Dividend Yield: 3.9%

Standard Motor Products’s last close was $29.75, 28.67% below its 52-week high of $41.71. Intraday change was -0.77%.

Standard Motor Products, Inc. manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components. It also offers electrical switches and actuators; chassis and drivetrain sensors, such as anti-lock brake and vehicle speed sensors; fluid level sensors; pressure sensors comprising tire pressure monitoring; temperature sensors; sensors for advanced driver assistance systems; battery cables, pigtails, and sockets, as well as various electrical wire, terminals, connectors, and tools for servicing a vehicle's electrical system; and spark plug, coil on plug boots, and ignition system accessories. In addition, the company offers AC system components that include compressors, air conditioning repair kits, connecting lines, heat exchangers, and expansion devices; parts that provide engine, transmission, electric drive motor, and battery temperature management; thermal management products, sensors, switches, power distribution, electrification and electronics, injections and fuel delivery, ignition and emissions, and clamping devices for commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics, and lawn and garden sectors. It serves retailers and distributors, original equipment manufacturers and their suppliers, system integrators, and original equipment service part manufacturers. The company was founded in 1919 and is headquartered in Long Island City, New York.

Earnings Per Share

As for profitability, Standard Motor Products has a trailing twelve months EPS of $2.7.

PE Ratio

Standard Motor Products has a trailing twelve months price to earnings ratio of 11.02. Meaning, the purchaser of the share is investing $11.02 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 9.35%.

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8. Axis Capital Holdings Limited (AXS) – Dividend Yield: 2.46%

Axis Capital Holdings Limited’s last close was $71.63, 9.03% under its 52-week high of $78.74. Intraday change was 0.43%.

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products. It also provides professional insurance products that cover directors' and officers' liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, cyber and privacy, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers. In addition, this segment offers accidental death, travel, and specialty health products for employer and affinity groups. The Reinsurance segment offers reinsurance products to insurance companies, including catastrophe reinsurance products; property reinsurance products covering property damage and related losses resulting from natural and man-made perils; professional lines; credit and surety; and motor liability products. This segment also provides agriculture reinsurance products; coverages for various types of construction risks and risks related to erection, testing, and commissioning of machinery and plants during the construction stage; marine and aviation reinsurance products; and personal accident, specialty health, accidental death, travel, life and disability reinsurance products. The company was founded in 2001 and is headquartered in Pembroke, Bermuda.

Earnings Per Share

As for profitability, Axis Capital Holdings Limited has a trailing twelve months EPS of $7.27.

PE Ratio

Axis Capital Holdings Limited has a trailing twelve months price to earnings ratio of 9.9. Meaning, the purchaser of the share is investing $9.9 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 12.23%.

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