(VIANEWS) – Alexander & Baldwin (ALEX), GAMCO Natural Resources, Gold & Income Trust (GNT), Golden Ocean Group Limited (GOGL) 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 researching 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. Alexander & Baldwin (ALEX)
172% Payout Ratio
Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 72% of A&B's total assets. A&B's non-core assets include renewable energy generation facilities, 27,000 acres of agricultural and conservation land and a vertically integrated paving business. A&B is achieving its strategic objective of becoming a Hawai'i-focused commercial real estate company by expanding and strengthening its Hawai'i CRE portfolio and monetizing non-core assets. Over its 150-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.
Earnings Per Share
As for profitability, Alexander & Baldwin has a trailing twelve months EPS of $0.5.
PE Ratio
Alexander & Baldwin has a trailing twelve months price to earnings ratio of 35.94. Meaning, the purchaser of the share is investing $35.94 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 3.52%.
2. GAMCO Natural Resources, Gold & Income Trust (GNT)
116.13% Payout Ratio
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 $0.31.
PE Ratio
GAMCO Natural Resources, Gold & Income Trust has a trailing twelve months price to earnings ratio of 16.13. Meaning, the purchaser of the share is investing $16.13 for every dollar of annual earnings.
Yearly Top and Bottom Value
GAMCO Natural Resources, Gold & Income Trust’s stock is valued at $5.00 at 08:23 EST, under its 52-week high of $5.40 and way above its 52-week low of $4.12.
Volume
Today’s last reported volume for GAMCO Natural Resources, Gold & Income Trust is 7551 which is 84.51% below its average volume of 48763.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 13, 2023, the estimated forward annual dividend rate is 0.36 and the estimated forward annual dividend yield is 7.39%.
3. Golden Ocean Group Limited (GOGL)
101.23% Payout Ratio
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 18, 2021, it owned a fleet of 67 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.
Earnings Per Share
As for profitability, Golden Ocean Group Limited has a trailing twelve months EPS of $1.62.
PE Ratio
Golden Ocean Group Limited has a trailing twelve months price to earnings ratio of 4.84. Meaning, the purchaser of the share is investing $4.84 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 17.52%.
Volume
Today’s last reported volume for Golden Ocean Group Limited is 1401690 which is 2.87% below its average volume of 1443160.
Yearly Top and Bottom Value
Golden Ocean Group Limited’s stock is valued at $7.84 at 08:23 EST, way below its 52-week high of $13.23 and way above its 52-week low of $6.99.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 82.2% and a negative 5.7%, respectively.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on May 24, 2023, the estimated forward annual dividend rate is 1.25 and the estimated forward annual dividend yield is 15.84%.
4. Regions Financial Corporation (RF)
32.77% Payout Ratio
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services. It serves corporate, middle market, and commercial real estate developers and investors. The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, consumer credit cards, and other consumer loans, as well as deposits. The Wealth Management segment offers credit related products, and retirement and savings solutions; and trust and investment management, asset management, and estate planning services to individuals, businesses, governmental institutions, and non-profit entities. It also provides investment and insurance products; low-income housing tax credit corporate fund syndication services; and other specialty financing services. The company was founded in 1971 and is headquartered in Birmingham, Alabama.
Earnings Per Share
As for profitability, Regions Financial Corporation has a trailing twelve months EPS of $2.35.
PE Ratio
Regions Financial Corporation has a trailing twelve months price to earnings ratio of 7.16. Meaning, the purchaser of the share is investing $7.16 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 13.63%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on May 31, 2023, the estimated forward annual dividend rate is 0.8 and the estimated forward annual dividend yield is 5.08%.
